Hostess Shrugs

Hostess Brands has shrugged.

Hostess Brands Inc. today announced that it is winding down operations and has filed a motion with the U.S. Bankruptcy Court seeking permission to close its business and sell its assets, including its iconic brands and facilities. Bakery operations have been suspended at all plants. Delivery of products will continue and Hostess Brands retail stores will remain open for several days in order to sell already-baked products.

The Board of Directors authorized the wind down of Hostess Brands to preserve and maximize the value of the estate after one of the Company’s largest unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), initiated a nationwide strike that crippled the Company’s ability to produce and deliver products at multiple facilities.

I applaud their decision.

Posted by .(JavaScript must be enabled to view this email address) on 11/16 at 02:12 PM
  1. Some of the more negative comments by union members give insight into why the vote for Obama.  One union thug was angry that now the Wall street investors will make money buying out Hostess cheaply and going back in business.  What was it Obama said?  Vote for revenge.

    Posted by .(JavaScript must be enabled to view this email address)  on  11/17  at  11:14 AM
  2. One can only hope, that with the demise of Hostess, that future generations of Americans will actually be able to see their own 2 feet while standing on them…

    Posted by .(JavaScript must be enabled to view this email address)  on  11/17  at  12:31 PM
  3. Don’t worry because this stimulus is going to kick in and start saving jobs ANY DAY NOW!  Just keep hoping for that change…

    Posted by No apology  on  11/17  at  04:03 PM
  4. Mateo - Americans inability to see their feet, if in fact they cannot, has nothing to do with whether Hostess is baking Twinkies, or not.

    Posted by John Venlet  on  11/18  at  10:07 AM

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