Hostess Moves To Liquidate After Crippling Strike

November 16, 2012 1:51 PM
Hostess Moves To Liquidate After Crippling Strike
" ATLANTA (AP/WAOK) -¬†Hostess says it’s going out of business — but some of its products may continue to be sold. The company’s CEO says he’s hoping to find a buyer for about 30 Hostess brands.

Hostess, the maker of ¬†Twinkies, Ding Dongs and Wonder Bread, had warned employees it would move to shut down its operations and sell its brands if striking workers didn’t allow plants to resume normal operations by yesterday evening. The deadline passed without a deal. Thousands of union members went on strike last week after rejecting a contract offer that slashed wages and benefits "

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