A bankruptcy judge postponed a hearing set for March 5 after Hostess Brands requested an extension while it continues to negotiate with its unions, according to the New York Post. The hearing has been rescheduled for March 23.
The Twinkies maker wants to cancel its collective bargaining agreements with its unions, saying the costs led it to file for Chapter 11 in January. Union leaders, on the other hand, have said the bankruptcy was due to mismanagement.
At the hearing, Hostess plans to ask the bankruptcy judge to reject the company’s collective bargaining agreement so that it can eliminate Hostess’ pension obligations.
Hostess and its unions, including the Teamsters and the Bakery, Confectionary, Tobacco and Grain Millers Union, have scheduled talks for next week, renewing hopes that two can reach an agreement and avoid a protracted bankruptcy.