Well done union worker you WON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.myfoxdfw.com/story/20115859/hostess-going-out-of-business-nearly-18000-to-be-laid-off
IRVING, Texas - Say goodbye to your Twinkies.
North Texas-based Hostess Brands, Inc. has decided to go out of business and liquidate its assets after failing to win back striking workers.
"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," said Gregory F. Rayburn, chief executive officer. "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."
About one-third of the company's workers are union members who are unhappy about the company's cutbacks during its bankruptcy reorganization.
But problems with several unions -- including the Bakery, Confectionery, and Tobacco workers and the Grain Millers International Union -- have prevented the company from moving forward.
Hostess said it will seek bankruptcy court permission to sell all of its assets. The company said bakery production has already shut down.
Hostess owns 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores throughout the United States. Delivery will continue for now, and the Hostess Brands retail stores will remain open for "several days," the company said.
"For employees whose jobs will be eliminated, additional information can be found at www.hostessbrands.info. The website also contains information for customers and vendors. Most employees who lose their jobs should be eligible for government-provided unemployment benefits," a news release from the company states.
Some Hostess products include Twinkies, Ding Dongs, Ho-Hos, Fruit Pies and Wonder Bread. The brand also ownd Drakes, Dolly Madison, Nature's Pride and Merita.