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Hostess shut down: Twinkie maker to go out of business

(ChicagoTribune) Hostess Brands Inc., the bankrupt maker of Twinkies and Wonder Bread, said it had sought court permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.

Hostess said a national strike by members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that began last week had crippled its ability to produce and deliver products at several facilities.

Hostess Chief Executive Gregory Rayburn┬ásaid in an interview on CNBC Friday morning that Hostess could not avoid liquidation, even if members of its bakers’ union ended their strike immediately and went back to work.

The liquidation of the company will mean that most of its 18,500 employees will lose their jobs, Hostess said on Friday.

  1. prestigehunting reblogged this from wehavethemunchies
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    You know what pisses me off about this? Whomever owned motherfucking Hostess is probably going to start a new company...
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    Omg twinkies
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    i’m suprised nobody referenced zombieland when it was announced Hostess was going out of business and there would be no...
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    Nö!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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    yes. this is the only version of this story that i would reblog.
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