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Liquidation

Hostess Dies Again, 18,500 out of Work: Bonus Twinkie Recipe!

While I was at work yesterday, a court ordered mediation failed to produce an agreement that would save Hostess from the liquidation chopping block.   So, once again, Hostess is dead.  Michelle Malkin has more… It didn’t happen: Hostess Brands lived to die another day. The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second biggest union. As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company can shutter its operations. The renewed talks between Hostess and The Bakery, Confectionery, […]

Hostess to Liquidate Because of Union: 18,500 Lose Their Jobs

Well, it was announced yesterday morning.  Hostess, the maker of such foods as Twinkies, Ho-Ho’s, and Wonder Bread, is liquidating all of their assets.  The cause is simple and obvious-organized labor.  Michelle Malkin has the details… This morning Hostess announced it was closing down. The union rejected a proposed 8 percent wage cut, and the end result is a 100 percent wage cut for over 18,000 workers: 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 […]

Hostess Workers Fire Themselves: Strike Causes Three Bakeries to Close

Earlier this year, we covered that Hostess, the iconic brand that makes such treats as Twinkies, was going bankrupt.  At the top of the list of causes was  high labor costs.  The company had stated that if the union went on strike, the company would be liquidated.  But, when the company made an offer to save the company, the workers decided that they didn’t want their jobs after all.  The Gateway Pundit has more… Over 600 workers will no longer have a job. Nice work bakers’ union. St. Louis Today reported: Hostess Brands permanently closed three bakeries Monday, including a plant in St. […]