[Dion]

“It’s the bakers’ union that hasn’t done its homework,”said Steve Cabot, chairman of the Cabot Institute for Labor Relations, a consulting firm in Palm Coast, Florida. “They want to play brinkmanship. This time, they lost.

The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union had gone on strike Nov. 9 and disrupted production and deliveries, ignoring a managementultimatum to return to work by 5 p.m. Nov. 15. The bosses weren’t bluffing -- they halted production and sought liquidation, warning that brands and their recipes may be snapped up by bargain-seeking corporations, but workers and many antiquated plants wouldn’t be.

The strike starved Hostess of some of the almost $50 million in weekly sales it was reliant on to make it through bankruptcy, as baking ceased in most picketed plants, said a person familiar with the matter who asked not to be identified because the details weren’t public.

http://www.bloomberg.com/news/2012-1...s-hostess.html