Fat kids everywhere will be shedding cream-filled tears today. Hostess, the maker of Twinkies and Wonder Bread, plans to close up shop and lay off 18,500 workers. The company claims that a nationwide worker striker was the final blow to production of their famous snacks, which also include Ding Dongs and Ho Ho’s.
“The Irving, Texas, company said a nationwide strike crippled its ability to make and deliver its products, which also include Ding Dongs, Ho Ho’s and Home Pride bread.
Hostess suspended bakery operations at all its factories and said its stores will remain open for several days to sell already-baked products.
The company 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.” [AP]