Four days after Hostess announced it planned to
close its operations a bankruptcy judge is urging the company to resume talks
with union leaders and lenders hopes of salvaging the 18,000 jobs that would be
lost.
However the company is skeptic the talks will
lead to anything because of the losses the Hostess’ has incurred during the
union leaders’ strike.
“I think we have to see what unfolds. My
impression is that the judge wants to understand the parties' positions and
some of their logic, but it doesn't change our financial position,"
Hostess Chief Executive Officer Gregory Rayburn said.
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