RIP The Twinkie (1930-2012)

RL_GMA

NEW YORK (CNNMoney) -- Hostess Brands -- the maker of such iconic baked goods as Twinkies, Devil Dogs and Wonder Bread -- announced Friday that it is asking a federal bankruptcy court for permission to close its operations, blaming a strike by bakers protesting a new contract imposed on them.

The closing will result in Hostess' nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide, as well as 570 outlet stores. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union represents around 5,000 Hostess employees.

"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," said CEO Gregory Rayburn in a statement.

http://money.cnn.com/2012/11/16/news...stess-closing/

4Corners

Broner's gonna be pissed.

Southpaw Stinger

Bossy

I wonder if Broner's gonna dedicate his fight in memoriam?

jose830

I've never liked Twinkies War RingDings!!!

RajahBell

That's a stupid Union, their union thuggery backfired on them. They were offered a fair deal, 25% stake in the company with 2 board members for pension and health benefits cuts. Then a 5 year contract with 8% pay cut in the 1 st year, a 3% increase in the next 3 years, and 1% increase in the final year. They should have known better since the company is already in Chapter 11 reorganization. Now, they are out of a job with the pending Liquidation, chapter 7.

arraamis

Twinkies were only good when you were high as a kite ... other than that terrible.

Still sad to see a legend in pastries pass the torch. As long as Krispy Kreams is still around to satisfy the munchies ... I'm good.

Tim Horton

I am pretty sure that Hostess in Canada is a separate operational entity. Anybody who wants twinkies, pm me. I'll hook you up. It'll cost a little more but you know how you motherphuckers love your twinkies.

bojangles1987

I'm going to miss the other stuff Hostess made.

THE REED™

Call me crazy, but it actually sounds like a strategy against the workers on strike.

Either sign a deal, or the jobs gone.

4Corners Desert Eagle Join Date: Jul 2011 Location: Colorado Posts: 11,037 Rep Power: 32 Points: 200,105,550,505.68 Bank: 0.00 Total Points: 200,105,550,505.68 Donate	Broner's gonna be pissed.

Southpaw Stinger Trousersnake fondler Join Date: Dec 2005 Location: England Age: 28 Posts: 28,938 Rep Power: 218 Points: 1,306.28 Bank: 9,795,677,045,572.29 Total Points: 9,795,677,046,878.57 Donate

Bossy Yo Soy La Jefa Join Date: Sep 2011 Age: 28 Posts: 10,684 Blog Entries: 21 Rep Power: 242 Points: 84,961,971,615.44 Bank: 9,946,994,467,157.22 Total Points: 10,031,956,438,772.66 Donate	I wonder if Broner's gonna dedicate his fight in memoriam?

jose830 New Jersey Drive Join Date: Mar 2012 Posts: 14,271 Rep Power: 143 Points: 64,844,050.15 Bank: 114,945,756,000,000.23 Total Points: 114,945,820,844,050.41 Donate	I've never liked Twinkies War RingDings!!!

arraamis Undisputed Champion Join Date: Oct 2005 Posts: 5,953 Blog Entries: 3 Rep Power: 28 Points: 5,270,200,925.85 Bank: 18,502,531,642.00 Total Points: 23,772,732,567.85 Donate	Twinkies were only good when you were high as a kite ... other than that terrible. Still sad to see a legend in pastries pass the torch. As long as Krispy Kreams is still around to satisfy the munchies ... I'm good.

Tim Horton Banned Join Date: Feb 2009 Posts: 20,239 Rep Power: 0 Points: 510,342,044,427.33 Bank: 2,786,348,613.83 Total Points: 513,128,393,041.16 Donate	I am pretty sure that Hostess in Canada is a separate operational entity. Anybody who wants twinkies, pm me. I'll hook you up. It'll cost a little more but you know how you motherphuckers love your twinkies.

bojangles1987 bojangles1897 Join Date: Jul 2009 Location: Hudson, Fl Posts: 21,729 Rep Power: 68 Points: 257,000,121,440.76 Bank: 10,681,357,336.24 Total Points: 267,681,478,777.00 Donate	I'm going to miss the other stuff Hostess made.

THE REED™ BEAST MODE Join Date: Apr 2007 Location: Erie, PA Posts: 55,061 Rep Power: 200000 Points: 1,023,946,127,299.09 Bank: 22,088,580,398,420,116.00 Total Points: 22,089,604,344,547,416.00 Donate	Call me crazy, but it actually sounds like a strategy against the workers on strike. Either sign a deal, or the jobs gone.