Description:  If negotiations fail, Hostess and its unions will face off in a trial over whether the company can scrap its labor contracts-an example of how wage levels across many once-vibrant industries are falling. Mike Spector reports on Markets Hub. Photo: Paul J. Richards/AFP/Getty Images.

Source: Marketwatch.com – video report

Date: 04/02/2012

Link:  http://www.marketwatch.com/video/asset/hostess-serves-new-batch-of-cuts/A64EE3DD-0867-4DE5-B20B-F85496993B9A

Questions for discussion:

• Summarize the main points presented in this report.
• How will the deal affect financials?