Â
Sponsored by
NATIONAL NEWS
Hostess to close, cites nationwide worker strike
Posted: Nov 16, 2012 4:59 AM by Associated Press
IRVING, Texas (AP) - Hostess Brands says it is going out of business, closing plants that make Twinkies and Wonder Bread and laying off all of its 18,500 workers.
The Irving, Texas, company says a nationwide worker strike crippled its ability to make and deliver its products at several locations.
Hostess 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 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.COM VIDEOS
-
"Monster" reunited with owner after his cage was blown away during Oklahoma tornado
Views: 81 May 22, 2013 -
Joshua Hornsby mourns the loss of his young daughter killed in the Oklahoma tornado
Views: 21 May 22, 2013 -
Watch as a local meteorologist tracks the path of deadly tornado as it hits Moore, Oklahoma
Views: 270 May 21, 2013 -
Toddler who lost feet in lawnmower accident meets the dolphin famous for her prosthetic tail
Views: 55 May 20, 2013
Comments