IRVING (CBSDFW.COM) – Hostess Brands Inc. announced Friday that the company will be going out of business. The snack food maker, based in Irving, is best known for treats like Twinkies, Ding Dongs and Wonder Bread. Despite the popularity and nostalgia of these grocery store staples, Hostess is reportedly more than $860 million in debt.
The Bakery, Confectionary, Tobacco Workers and Grain Millers Union (BCTGM) went on strike November 9, shutting down production at over half of the company’s 36 plants. In response, Hostess permanently closed three bakeries earlier this week, sending more than 600 workers in Cincinnati, St. Louis and Seattle into unemployment. An additional 13 plants were said to be unsustainable.
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