Hostess is going out of business

7:30am Update:

IRVING, Texas (AP) - Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business.

Original Story:

NEW YORK (AP) - Hostess Brands Inc. is warning striking employees that it will move to liquidate the company if they don't return to work by Thursday evening.

The maker of Twinkies, Ding Dongs and Wonder Bread says it will file a motion in U.S. Bankruptcy Court to shutter operations if enough workers don't return.

That would result in the loss of about 18,000 jobs.

Hostess, based in Irving, Texas, reached a contract agreement with its largest union, the International Brotherhood of Teamsters. But thousands of members in its second biggest union, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, went on strike last week to protest cuts to wages and benefits under a new contract offer.

The privately held food maker filed for Chapter 11 protection in January.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 179633361