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Death of the Ding-Dong, Twinkie, Wonder Bread: Hostess to Close

Reports are that Hostess is starting to close down after a labor dispute. End of a beloved era, or good riddance to junk food heaven?

 

Twinkies. Hostess Cupcakes. Wonder Bread. Ding-Dongs.

They will be gone forever, with reports that Hostess Brands, Inc.will sell off or close down its 82-year old business. Done in, the CEO claims, by labor union action.

Hostess filed for Chapter 11 bankruptcy protection in January.

The company has been challenged by not only by snarly labor relations, and a national strike by its second-largest labor union, but also, posits the Wall Street Journal, by consumers switching to healthier foods and high ingredient costs. 

One caveat: The Journal says that Hostess has threatened liquidation before, and not followed through.

The move puts 18,500 workers out of their jobs, CNN reports.

What do you think about this end to a junk-food kingdom?

Politics Sheriff of NK November 17, 2012 at 07:25 AM
http://www.youtube.com/watch?v=Yy-4TX9zrVw
NKtaxPAyerAlso November 17, 2012 at 01:50 PM
Greedy Union is right! http://thinkprogress.org/economy/2012/11/16/1203151/why-unions-dont-shoulder-the-blame-for-hostesss-downfall/
JB November 17, 2012 at 04:31 PM
Unions certainly have their issues, but looks like their the scapegoats in this one. more corporate greed. funny thing is that twinkies that were on the shelf 20 years ago are probably still good!
We R NK November 17, 2012 at 05:24 PM
Fat, calories and trans fat put this company out of business, union is just a good scapegoat right now.
Noreswindnk November 17, 2012 at 07:55 PM
Corporate greed? How much corporate greed is involved in bankruptcy followed by liquidation? Corporate shareholders get zip, bondholders may get a dime on a dollar. No corporate anything here dude. The unions had options, made choices, lost jobs, will now stand in unemployed lines to fill out applications for jobs, will whine "there are no jobs, gov't needs to help me", some will get lucky, others will not, will spend down their savings. Sorry, I don't get it. Thousands of currently unemployed, hard working hungry folks would have loved one of those 18,000 jobs. Too bad 18,000 organized morons stood in the way of anyone else having a chance at those jobs....now there are none.

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