Hostess was privately held by a PE firm, the sole goal of a PE firm is to make a company profitable so they can get their return, if the pieces they need aren't there, the company is done, those firms aren't going to continue to lose money on an investment. The unions should've know this wasn't some public company or sentimental family biz where continued refusals were going to go well. I understand you don't want to take a pay cut, but let's say you made 40k there, it's 3200 a year in salary we're talking about here, with escalators in the next four years. 36800 is better than nothing. Plus with the continued rise in commodities and shrinking market for unhealthy snacks like that, everything points to a company needing to reduce costs to turn a profit. I'm for unions protecting workers from being victimized and taken advantage of, but a lot of them are simply unrealistic about today's economy and have been the source of continued outsourcing. They make themselves an uncompetitive workforce