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Twinkie-Maker Hostess, Union Agree to Mediation to Avoid Shutdown

Twinkie-maker Hostess caused mass panic when it announced it was shutting down plants amid a strike

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Ding dong, the Ding Dongs may not be dead after Hostess and its labor union agreed to mediation Nov. 19, The Associated Press reported.

The agreement came during a hearing in bankrupcty court and could prevent the Twinkie-maker from closing its plants and liquidating assets, news which the company announced on Nov. 16.

The move was met with near mass hysteria in the United States and elsewhere, with some stockpiling Twinkies and other sugar-filled miracles.

Twinkies merchandise and other Hostess-related goods have also been going for hundreds of dollars on eBay.

According to USA Today, the bankruptcy judge hearing the case pointed out that the parties hadn't gone through the critical step of mediation and asked the lawyer for the bakery's union to ask his client, who wasn't present, if they would agree to participate.

Hostess Brands Inc. initially filed for Chapter 11 bankruptcy in January, but said last week it was really going under.

The company blamed its labor union for its ultimate downfall.