This isn't good... I guess the question for the union workers is:
Is a job with a cut in pay, better than no job at all?
Read more: Hostess announces possible liquidationHostess threatens to lay off 18,000 employees unless strike ends
TULSA - Hostess Brands, Inc. is telling its 18,000 workers to either get back to work by 5 p.m. Thursday or face unemployment.
In a statement found on the company's website , Hostess threatened to "liquidate the entire company if enough striking employees do not return to work" by the given time.
“We simply do not have the financial resources to survive an ongoing national strike,” said Gregory F. Rayburn, the Company’s Chairman and CEO.