Hostess Brands Inc., the maker of Twinkies and Wonderbread, has received the go-ahead from a U.S. bankruptcy court judge to lower wages for thousands of bakery workers, affecting more than 400 employees in Indiana.
Indianapolis Symphony Orchestra executives have given musicians until 6 p.m. Saturday to decide on a contract offer that asks for significantly fewer concessions than previous proposals. But musicians say the offer is unacceptable due to an escape clause.
Indianapolis Symphony Orchestra on Saturday canceled the first two weeks of its new season, saying even a temporary extension of musicians’ just-expired contract would intensify the organization’s financial woes.
Indianapolis Symphony Orchestra managers and musicians failed to meet a Friday deadline to agree on a new contract, but the symphony did not immediately follow through on threats to cancel the first two weeks of its new season.
Even if the Indianapolis Symphony Orchestra’s management and musicians overcome gaping differences and reach a contract agreement, industry experts say disconcerting questions will continue to hang over the organization.