Posted: Sep 14, 2012 6:08 PM
Updated: Sep 14, 2012 6:09 PM
IRVING, Texas (AP) Workers belonging to Hostess Brands' biggest union have narrowly approved new contract terms. But another group of employees rejected the offer from the maker of Twinkies and Wonder Bread.
Hostess says the new contract terms are needed for it to stay in business.
The privately held company is working to exit bankruptcy protection which it sought in January. Its business has been hammered by consumers' increased preference for healthier snacks, and stiff competition from other sweets makers
Hostess said Friday it will go to bankruptcy court seeking to force terms of the deal reached with Teamsters on workers represented by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union and other smaller bargaining units.