Dive Summary:

• An embattled Hostess gives the union an ultimatum: end the strike by 5 o'clock p.m. or they will begin liquidating the company.
• The majority of Hostess employees who belong to the union have been on strike for about a week in response to a proposed contract by Hostess.
• The company, fighting through a second round of bankruptcy hearings, has responded coldly to the unions claims, not backing down from their original position.   

From the article:

Related news: Hostess to union: If strikes continue we'll liquidate company 'in a matter of days, not weeks'Hostess Brands strike prompts three bakery closures; 627 jobs cut Return and rebuild or leave voluntarily: Hostess Brands tells strikers Twinkies and Ding Dongs maker Hostess Brands says that if employees on strike are not back at work by 5pm EST today, it will move to liquidate the company. It also reassured staff that a $140 daily fine that it claims the baker's union has threatened to impose on employees who cross picket lines will not be taken out of paychecks.It add...