The union workers had made grand concessions during the previous bankruptcy in exchange for equity, the current bankruptcy is the second since the company was taken over by hedge funds the larger being Silver Point Holdings of Greenwich Conn.Yeah those Union Bosses really showed Twinkies ‘We Don’t Back Down” 18,000 unemployed Union Thugs!! Look what Union Loyalty got you!! But these Union Bosses are no different than Jesses Jackson/Al Sharpton another speech another crisis!! The Check in the Mail…Oops Maybe Not!!!
Obviously you don't have a fkn clue.
The company will now be sold off piece and parcel.