Twinkie Maker Hostess to Shut Down After Strike

Bloomberg – Hostess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, said it will fire more than 18,000 workers and liquidate after a strike crippled operations. “We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Chief Executive Officer Gregory F. Rayburn said today in a statement. Union members “crippled the company’s ability to produce and deliver products at multiple facilities,” and “bakery operations have been suspended at all plants,” the company said in the statement. Read Article

Source Article from http://openyoureyesnews.com/2012/11/17/twinkie-maker-hostess-to-shut-down-after-strike/

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