Twinkie maker Hostess Brands in bankruptcy filing

[texan]

NEW YORK (CNNMoney) -- Enjoy your Twinkies while you can, because Hostess Brands, the storied
American manufacturer of Ho Hos and Ding Dongs cake snacks, filed for Chapter 11 bankruptcy on Wednesday.
The company, based in Irving, Texas, filed for Chapter 11 protection in U.S. Bankruptcy Court in New York.

The company has about 19,000 full-time and part-time employees, including 10,413 hourly workers
and 8,436 salaried workers, according to a court filing. About 83% of the employees are union members.

Hostess Brands files for Chapter 11 bankruptcy - Jan. 11, 2012

 

[menotyou]

Their filing has nothing to do with the union, a. Santa.

 

[moreluck]

My brother-in-law, formerly known to us as the "Twinkie Man", was let go 2 years ago when they were in trouble before. He was 3 years away from retirement. Such timing was horrible. Thank goodness his wife worked and carried them through.

 

[Babagounj]

According to Daily Job Cuts - Layoff News , Job Layoffs 2012 / 2011 , Bankruptcy, Store closings, Business Economy News

the bleeding has not stopped.

Nearly 1/3 of Middle Class Suffer Downward Mobility