A bankruptcy court judge in New York is approving a request by Hostess Brands Inc. to begin winding down its operations.
With word that Hostess may be going out of business, and Twinkies could possibly go away forever, some folks have developed an alternative, just in case the worst happens.
Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won’t go out of business just yet.
Twinkie lovers can relax. The tasty cream-filled golden spongecakes are likely to survive and be on shelves again, even though their maker will be sold in bankruptcy court.
First Big Tex burned down, now another State Fair of Texas icon may be in danger…what will happen to Deep Fried Twinkies now that the Hostess Bakery is liquidating?
Hostess 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.
It’s been less than a week since Hostess Brands workers went on strike, and they were given an ultimatum to get back on the job Thursday or else. But as the deadline came and went, no news came from the company on what the future had in store for the grocery store staple snack cake company.
Hostess has told Michigan officials that it could lay off all of its 381 employees at 20 locations in the state if the company liquidates as part of its bankruptcy restructuring.
A union official representing workers at Hostess Brands Inc. said Monday that he isn’t optimistic the two sides will come to an agreement over workers’ contracts before the dispute lands in bankruptcy court.
Hostess Brands named a new CEO on Friday to steer the company through its Chapter 11 bankruptcy reorganization.
Hostess has asked a judge to slash some of its commitments to union employees, saying it’s the only way it can emerge from bankruptcy as a viable company.
Hostess, the maker of Twinkies and Wonder Bread, is filing for bankruptcy protection, blaming benefit troubles, increased competition and a tough economy.