Already struggling to work its way out of bankruptcy
protection, Hostess is now in the midst of a strike that the company says could
force it to close up shop for good and liquidate all of its cream-filled
products, Consumerist.com notes.
Earlier this week, the company temporarily shuttered three
plants — in Seattle, St. Louis and Cincinnati — due to the nearly 5,700
employees — about one-third of Hostess’ work force — who recently walked off
the job to take part in a strike organized by the Bakery, Confectionery,
Tobacco Workers & Grain Millers International Union. And according to Reuters, Hostess says it is prepared to ask
the court later today to approve liquidation of the company’s assets if it
can’t get its machines cranking out Twinkies and other delicious treats, but
mostly Twinkies.
“We simply do not have the financial resources to survive an
ongoing national strike,” Hostess CEO Gregory Rayburn said in a statement
yesterday….
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