In the Spirit of Sankofa,
... Bad for jobs, but good for health... This company has been pumping out sugar for years, contributing to the disease, sugar diabetes, smh:
Reuters/Reuters - Hostess Twinkies are pictured in this undated handout photo obtained by Reuters November 14, 2012. Hostess Brands Inc said it will ask a U.S. bankruptcy judge for permission to liquidate if enough striking workers do not return to work by the end of November 15 to let the maker of Twinkies and Wonder Bread resume normal operations. REUTERS/INTERSTATE BAKERIES CORPORATION/Handout
Twinkies maker Hostess plans to go out of business
(Reuters) - Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, has sought a U.S. court's permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.
Hostess, which has about $2.5 billion in sales from a long list of snack cakes and breads, filed the request with the U.S. Bankruptcy Court in New York early Friday morning.
The Irving, Texas-based company said the liquidation would mean that most of its 18,500 employees would lose their jobs.
http://news.yahoo.com/hostess-brands-seeks-court-permission-liquidate-122422400--finance.html
Once I was introduced to a Twinkie Cake. I thought it would be made from scratch. It was prepared by combining a bunch of Twinkies, WoW!
Peace In,
... Bad for jobs, but good for health... This company has been pumping out sugar for years, contributing to the disease, sugar diabetes, smh:
"The people who are running this company are not interested in making bread," said Roger Harrison, 56, who bags buns at the Hostess plant in Lenexa, Kansas, and has been with the company for 35 years.
"They are not in the baking industry; they are just interested in the money," said Harrison, 56. "This company is so unstable that once they close, maybe someone can take over and buy it and give us more stability."
Union President Frank Hurt said management was trying to make union workers the scapegoats for a long-held plan by Wall Street investors to break up Hostess.
Hostess had given employees a deadline to return to work on Thursday, but the union held firm, saying it had already given far more in concessions than workers could bear and that it would not bend further.
The company was asking workers to agree to an 8 percent pay cut, a 20 percent increase in healthcare costs, closure of 10 to 12 plants and changes to pension and workday provisions.
Reuters/Reuters - Hostess Twinkies are pictured in this undated handout photo obtained by Reuters November 14, 2012. Hostess Brands Inc said it will ask a U.S. bankruptcy judge for permission to liquidate if enough striking workers do not return to work by the end of November 15 to let the maker of Twinkies and Wonder Bread resume normal operations. REUTERS/INTERSTATE BAKERIES CORPORATION/Handout
Twinkies maker Hostess plans to go out of business
(Reuters) - Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, has sought a U.S. court's permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.
Hostess, which has about $2.5 billion in sales from a long list of snack cakes and breads, filed the request with the U.S. Bankruptcy Court in New York early Friday morning.
The Irving, Texas-based company said the liquidation would mean that most of its 18,500 employees would lose their jobs.
http://news.yahoo.com/hostess-brands-seeks-court-permission-liquidate-122422400--finance.html
Once I was introduced to a Twinkie Cake. I thought it would be made from scratch. It was prepared by combining a bunch of Twinkies, WoW!
Peace In,