101.9 AMP Radio High School Takeover: Click Here To Register Your School NOW!!!

Twinkies Maker Hostess Going Out Of Business

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.

Read more at CBSDFW.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From 101.9 AMP Radio

Get The App
Register To Win Tix To SOLD OUT EBH2Make sure you are in the audience for The Chainsmokers at EBH2. Register now!

Listen Live