Twinkie maker Hostess says may liquidate itself as workers strike

Fri Nov 9, 2012 6:39pm EST

Nov 9 (Reuters) - Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, said it will have to liquidate itself and lay off most of its workforce in case of a widespread strike.

Members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) said its members at some Hostess bakeries have gone on strike in response to court-approved pay cuts.

The company, which employs 18,300 people, said it will focus on selling its assets to the highest bidders if more workers choose to go on strike at other locations in the coming days.

Hostess, which operates around 36 bakeries, had filed for Chapter 11 bankruptcy protection in January.

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Comments (4)
mxz800 wrote:
Striking against a company that has filed for Chapter 11 makes a lot of sense. I guess its better to have no job at all? These people on strike must’ve voted for Obama.

Nov 09, 2012 9:22pm EST  --  Report as abuse
smartone1234 wrote:
Yeah it makes real since to strike yourself out of a job. You don’t want to take a 8% decrease but you are sure willing to take a 100% decrease and have no benefits. Please explain????? When you can then I will join the strike but I don’t think you will ever be able to explain why I should give up my job.

Nov 11, 2012 3:04pm EST  --  Report as abuse
stp211smct wrote:
smartone1234 you are not so smart are you?????? I worked for this company for 12 years and made less money every year that went by. I am so glad that I left when I did. Paycut after paycut while the bigs at the top make more money. You are the reason that this keeps going on. Along with the other idiots in this country that allow this to happen.

Nov 11, 2012 6:16pm EST  --  Report as abuse
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