Hostess, maker of Twinkies and Wonder Bread, says it will shut down
150 calories PRNewsFoto / Interstate Bakeries Corporation
Hostess Brands, the maker of Twinkies, Wonder Bread, and other iconic American foodstuffs, just announced that it will liquidate the company after failing to reach an agreement with its striking factory workers. All of its factories are now closed, and its 18,500 workers will be laid off.
“We deeply regret the necessity of today’s decision,” CEO Gregory F. Rayburn said in a statement, “but we do not have the financial resources to weather an extended nationwide strike.”
