Stormfeather
11-16-2012, 09:44 PM
Of all things that I have squirreled away, Twinkies have been the treat that I love the most. Sadly, those days are now a thing of the past it looks like.
http://finance.yahoo.com/news/hostess-moves-liquidate-crippling-strike-150429415--finance.html
Hostess Brands Inc., which makes Ding Dongs, Wonder Bread and other snacks, filed a motion Friday with U.S. Bankruptcy Court seeking permission to shutter its operations. The move comes after the company said striking workers across the country crippled its ability to maintain production.
The closing would mean the loss of about 18,500 jobs. The company said employees at its 33 factories were sent home and operations suspended Friday and its roughly 500 bakery outlet stores will stay open for several days to sell remaining products.
Hostess CEO Greg Rayburn said in an interview that there was no buyer waiting to buy the company. But without giving details, he said that there has been interest in some of its 30 brands, which include Dolly Madison, Drake's and Nature's Pride snacks.
Rayburn said the financial impact of the strike makes it too late to save the company even if workers have a change of heart. That's because the company was operating on thin margins and stalling production meant the loss of critical sales.
Thats it folks.. .Armageddon, Mayan Calendar, Apocalypse, Zombie Invasion. . . its finally arrived, and the death of the Twinkie is its harbringer. Be warned!
And of course, buy them cheap and stack them deep! Your grandkids will want to know what a Twinkie is someday!
http://finance.yahoo.com/news/hostess-moves-liquidate-crippling-strike-150429415--finance.html
Hostess Brands Inc., which makes Ding Dongs, Wonder Bread and other snacks, filed a motion Friday with U.S. Bankruptcy Court seeking permission to shutter its operations. The move comes after the company said striking workers across the country crippled its ability to maintain production.
The closing would mean the loss of about 18,500 jobs. The company said employees at its 33 factories were sent home and operations suspended Friday and its roughly 500 bakery outlet stores will stay open for several days to sell remaining products.
Hostess CEO Greg Rayburn said in an interview that there was no buyer waiting to buy the company. But without giving details, he said that there has been interest in some of its 30 brands, which include Dolly Madison, Drake's and Nature's Pride snacks.
Rayburn said the financial impact of the strike makes it too late to save the company even if workers have a change of heart. That's because the company was operating on thin margins and stalling production meant the loss of critical sales.
Thats it folks.. .Armageddon, Mayan Calendar, Apocalypse, Zombie Invasion. . . its finally arrived, and the death of the Twinkie is its harbringer. Be warned!
And of course, buy them cheap and stack them deep! Your grandkids will want to know what a Twinkie is someday!