The workers in Biddeford aren't going anywhere. They say they're in it to the bitter end - even if that does mean liquidation. We are waiting to hear if striking workers across the country feel the same way. If so, we expect that the maker of Twinkies will announce a plan to liquidate very soon.
The workers went on strike Friday evening and have been here day and night ever since. They say their bankrupt employer has cut too deep, imposing 8% percent wage cuts and reductions in benefits. Hostess has urged striking workers to get back on the job and help rebuild the company.
A hostess spokesman tells us concessions are being made across the board, and that the Bakers Union workers are the only ones who've not agreed to the contract terms. Hostess says the Bakers Union employees make up only 30% of its workforce, but if the strike continues as it is here in Biddeford, all 18,000 Hostess employees will lose their jobs.
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