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The Two-Way
9:17 am
Fri November 16, 2012

No More Twinkies? Hostess Brands Is Shutting Down

Credit Scott Olson / Getty Images
Stock up now.
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Originally published on Fri November 16, 2012 8:53 am

Carrying through on its warning about what could happen, the management of Hostess Brands announced this morning that the company is going out of business and laying off its 18,500 employees.

At issue: According to Hostess CEO Gregory Rayburn, "we simply do not have the financial resources to survive an ongoing national strike."

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Hostess
4:43 pm
Mon November 12, 2012

Hostess Closing St. Louis Facility, Two Others, Following Strike

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Hostess Brands Inc. is permanently closing three bakeries following a nationwide strike by its bakers union.

The Texas-based maker of Twinkies and Ding Dongs says the strike has prevented it from producing and delivering products.

Hostess warned earlier this month that the strike, by about 30 percent of its workforce, could lead to bakery closures. It said Monday that it will close bakeries in Seattle, St. Louis and Cincinnati that collectively employ 627 workers. The company has about 18,300 employees.

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