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
Questions for discussion:
- Summarize the main points presented in this report.
- What are some possible resolutions that you would put forward as a labor conciliator?