Hostess is closing its business

[1979Shocker]

http://www.nbcnews.com/business/hostess-maker-twinkies-ding-dongs-says-closing-business-1C7112898

Adieu, Twinkies, at least for now. Hostess Brands said Friday it has asked a court's OK to liquidate the company, spelling the possible end for the iconic, yellow, cream-filled delight.

The move shuts down one of the nation's oldest and largest producers of baked goods. Founded in 1930, it produces such well-known brands, aside from Twinkies, as Ding-Dongs, Ho Ho's, Sno Balls and Donettes, not to mention Wonder bread, which the company says is the best-selling white bread in the United States.

In a statement, Hostess said its bakery operations have been suspended at all plants and that it would lay off most of its 18,500 workers to focus on selling its assets. It said it has filed a motion with the U.S. Bankruptcy Court seeking permission to close its business and sell its assets, including 33 bakeries and 565 distribution centers.

It looks like some people are trying to sell boxes of Twinkles on Ebay for anywhere from $5 to $500.

[SHOXAAC]

Have fun if you like, and I know some of you will, but SHOXMVC loves his Ding Dongs!!!

[SB Shock]

That is sad about ding dongs

[WuDrWu]

Wonder Bread...Gonzo.

I heard they had a plan to cut wages 8% to stay in business but the union said nyet. 0% vs 92%....?

Hostess hasn't been a viable company for some time now, but still a decision like that seems hard to understand.

If your skill set involves inserting a rod into something warm, soft and delicious, while releasing a white, sticky and gooey substance, and then repeating this activity over and over.....you probably should be somewhat satisfied with whatever compensation package the company presents....no?

[SHOXAAC]

That is sad about ding dongs

I was thinking, "what next"...is the world coming to an end?

[1972Shocker]

I was thinking, "what next"...is the world coming to an end?

Clearly, the answer to that is yes. Someone will buy the brands and the recipes. They will make limited edition Twinkies and Ding Dongs at selected times of the year and be able to move them at very nice pricing points (for them).

However, word is that Obama may bail out Hostess, but Moochelle will insist that the cream filling in the Twinkies will be mandated to be creamed asparagus or creamed broccoli. Mmmmm! That should do the trick.

[1972Shocker]

BTW, bailout I mean Obama will confiscate the company from it's rightful owners and give it to the unions in direct violation of U.S. Bankruptcy laws. After all the precedent for this has been set.

[Kung Wu]

Wonder Bread...Gonzo.

I heard they had a plan to cut wages 8% to stay in business but the union said nyet. 0% vs 92%....?

Hostess hasn't been a viable company for some time now, but still a decision like that seems hard to understand.

If your skill set involves inserting a rod into something warm, soft and delicious, while releasing a white, sticky and gooey substance, and then repeating this activity over and over.....you probably should be somewhat satisfied with whatever compensation package the company presents....no?

Oh boy.

[SHOXAAC]

Wonder Bread...Gonzo.

I heard they had a plan to cut wages 8% to stay in business but the union said nyet. 0% vs 92%....?

Hostess hasn't been a viable company for some time now, but still a decision like that seems hard to understand.

If your skill set involves inserting a rod into something warm, soft and delicious, while releasing a white, sticky and gooey substance, and then repeating this activity over and over.....you probably should be somewhat satisfied with whatever compensation package the company presents....no?

You had me at "inserting a rod," but we digress...

[SHOXAAC]

I've never smoked our did drugs...I drink some...mostly to take the edge off Cold's neurotic posts; Ding Dongs were my vice man!!!

[BenWSU]

Another example of union greed - Those people dont know how lucky they are to have jobs in this economy

[rrshock]

The company will probably open back up but without the unions. Not all unions are bad, this one was horrible however.

[ShockerFever]

Wonder Bread...Gonzo.

I heard they had a plan to cut wages 8% to stay in business but the union said nyet. 0% vs 92%....?

Hostess hasn't been a viable company for some time now, but still a decision like that seems hard to understand.

If your skill set involves inserting a rod into something warm, soft and delicious, while releasing a white, sticky and gooey substance, and then repeating this activity over and over.....you probably should be somewhat satisfied with whatever compensation package the company presents....no?

Think they got a severance package full of twinkies?

[SB Shock]

Think they got a severance package full of twinkies?

depending on the state, some of the union people who went on strike and now were layed off won't be eligible for unemployment. Also from what I read, the bigger union actually worked with the management and struck a deal, it was the smaller union that refused to do any deal at all and just walked off the job and struck.

[shock]

I have friends that used to work at the plant here in emporia, and they said dolly Madison treated them terrible. They also worked at the Walmart in Emporia, so it's not like they didn't know what terrible was.