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Mediation fails, Hostess plans to liquidate

7:35 PM, Nov 20, 2012   |    comments
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Hostess and its baker's union failed to reach an agreement in a mediation session, according to the Wall Street Journal.

They say Hostess is moving forward with its plans to liquidate the company.

That will put 18,000 people out of work. One hundred and eighty one jobs in Jacksonville, 6 in St. Augustine and 5 in Yulee will be eliminated.

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