Twinkies maker to close, cites US worker strike
Photograph from Getty Images http://www.abc2news.com/dpp/news/national/twinkies-maker-to-close-cites-us-worker-strike
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 11/16/2012
IRVING, Texas (AP) -
The maker of the iconic U.S. snack Twinkies says it is going out of business and laying off all of its 18,500 workers after a national strike crippled its operations.
Hostess Brands had warned employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn't return to normal levels by Thursday evening.
The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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