sounds like they had a popular product they could not sell cheaply enough to compete with Little Debbie and other non-union shop competitors, and the "workers" would rather collect unemployment than take a 1/3 pay cut.
and they're not "betting their money"....nobody's asking them to invest any of their own money in Hostess, just to work at a lower wage, in an economy where real unemployment is 15% or more, and even their reduced wage is probably pretty good for a semi-skilled trade.
