Teamsters Statement On Ruling In Favor Of Liquidation Of Hostess Brands

   Teamsters Statement On Ruling In Favor Of Liquidation Of Hostess Brands

PR Newswire

WASHINGTON, Nov. 21, 2012

Official Statement of Teamsters General Secretary-Treasurer Ken Hall

WASHINGTON, Nov. 21, 2012 /PRNewswire-USNewswire/ -- Today, Teamsters General
Secretary-Treasurer Ken Hall made the following statement regarding Judge
Drain's ruling in favor of the company's motion to liquidate Hostess Brands
Inc.:

(Logo: http://photos.prnewswire.com/prnh/20100127/IBTLOGO)

"With Judge Drain's ruling today, more than 18,500 workers will be left
without a job as Hostess proceeds with the liquidation of the company. We
estimate the liquidation process will occur over the next six months as the
company sells off assets.

"For our 6,700 Teamster Hostess members, our union will be focusing its
efforts on ensuring that they receive what they are owed in the form of wages
for hours worked accrued benefits. We will also make sure our members
understand their options and assist them in filing for unemployment benefits
and connecting them with local labor councils and agencies that offer other
out-of-work assistance.

"This is truly a sad day for thousands of families affected by the closing of
this company. I want to assure our members that despite this outcome, they do
not stand alone and their union will continue to work on their behalf to help
them find new employment."

Founded in 1903, the International Brotherhood of Teamsters represents 1.4
million hardworking men and women throughout the United States, Canada and
Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter
@Teamsters and "like" us on Facebook at www.facebook.com/teamsters.

SOURCE International Brotherhood of Teamsters

Website: http://www.teamster.org
Contact: Galen Munroe, +1-202-624-6911, gmunroe@teamster.org