It’s payback at Hostess

By Josh Kosman, New York Post

This is a delicious irony.

The blame game is ramping up as Hostess — the maker of Twinkies, Ding Dongs and other popular snack cakes — and its unions headed to bankruptcy court today to square off over whether the company can scrap its labor agreements.

Teamsters Vice President Ken Hall is pointing the finger of blame at hedge fund Silver Point — one of Hostess’ biggest secured creditors — saying the firm would rather force the bakery to liquidate than restructure in bankruptcy.

“I believe they want to make their money and run — unfortunately, with little regard to the 19,000 workers,” Hall told The Post yesterday in an interview.

http://www.nypost.com/p/news/business/it_payback_at_hostess_Av2gnzMdTr8Ncii87IQUsJ#ixzz1sJqZWxBU

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