Thursday, February 14, 2013

Judge Asks Hostess, Union to Mediate | Redux

Judge Asks Hostess, Union to Mediate

Maritime Union Port Chalmers Dunedin Branch, Dunedin Fairness at Work Rally, 20 October 2010 (photo by Victor Billot)
Maritime Union Port Chalmers Dunedin Branch, Dunedin Fairness at Work Rally, 20 October 2010 (photo by Victor Billot) by Maritime Union of New Zealand
License (according to Flickr): Attribution License
Excerpt:

A bankruptcy judge asked Hostess Brands Inc. , the maker of Wonder Bread and Twinkies, and its bakers' union to agree to mediation before the company liquidates, creating a possible life-line for about 18,000 jobs. Hostess had requested Judge Robert Drain of the U.S. Bankruptcy Court in White Plains, N.Y., who is overseeing the company's bankruptcy, to be able to liquidate its assets after a dispute with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM). But the judge was not ready to move forward with the liquidation yet. "Many people, myself included, have serious questions as to the logic behind this strike," said Drain. "Not to have gone through that step leaves a huge question mark in this case." A spokesman for Hostess declined to comment about the possible mediation. BCTGM did not immediately return a request for comment.

People:

Gregory F. Rayburn

Overall Sentiment: 0.0858309

Relevance: 0.728955

SentimentQuote
-0.652544"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," Rayburn said ...
-0.470074"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," Rayburn said in a statement on Friday. "Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders."
0.103898"We simply do not have the financial resources to survive an ongoing national strike," Rayburn said ...
0.0615477"We simply do not have the financial resources to survive an ongoing national strike," Rayburn said in a statement Wednesday. "Therefore, if sufficient employees do not return to work by 5 p.m., EST, on Thursday to restore normal operations, we will be forced to immediately move to liquidate the entire company, which will result in the loss of nearly 18,000 jobs."
Sentiment Stats:
  • Number of Quotes: 4
  • Aggregate Sentiment: -0.9571723
  • Mean: -0.239293075
  • Standard Deviation: 1.7320508075689

Robert Drain

Overall Sentiment: -0.113862

Relevance: 0.507141

SentimentQuote
-0.0995178"Many people, myself included, have serious questions as to the logic behind this strike," said Drain.
-0.0277242"Many people, myself included, have serious questions as to the logic behind this strike," said Drain. "Not to have gone through that step leaves a huge question mark in this case."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: -0.127242
  • Mean: -0.063621
  • Standard Deviation: 0

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

City: Boca Raton

Overall Sentiment: 0

Relevance: 0.359098

StateOrCounty: N.Y.

Overall Sentiment: -0.358259

Relevance: 0.363679

Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | Country | GovernmentalJurisdiction | USState | WineRegionReferences:

Company: Hostess Brands Inc.

Overall Sentiment: -0.0330665

Relevance: 0.867082

Company: Sun Capital Partners Inc.

Overall Sentiment: 0.0349505

Relevance: 0.371871

Company: Sun Capital

Overall Sentiment: 0

Relevance: 0.364692

Organization: Grain Millers International Union

Overall Sentiment: -0.102458

Relevance: 0.854734

Organization: U.S. Bankruptcy Court

Overall Sentiment: -0.277363

Relevance: 0.443318

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