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Twinkies Maker Hostess Going Out of Business, CEO Blames Union Strike
Posted By admin On November 16, 2012 @ 10:04 am In Money Watch,Tile | Comments Disabled
Nov 16, 2012
Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.
“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Hostess CEO Gregory F. Rayburn said  in announcing that the firm had filed a motion with the U.S. Bankruptcy Court to shutter its business. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”
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URLs in this post:
 NBC: http://www.nbcdfw.com/news/national-international/NATL-Twinkies-Maker-Hostess-Going-Out-of-Business-179643161.html
 Hostess CEO Gregory F. Rayburn said: http://hostessbrands.info/
 breaking news: http://www.nbcnews.com
 world news: http://www.msnbc.msn.com/id/3032507
 news about the economy: http://www.msnbc.msn.com/id/3032072
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