Hostess Brands Inc. Plans to Shut Down - News, Weather and Sports for Sioux City, IA: KCAU-TV.com

Hostess Brands Inc. Plans to Shut Down

Posted: Updated:

By: Channel 9 Eyewitness News

news@kcautv.com

Hostess Brands Inc. is going through with a liquidation threat. The iconic company that produces Twinkies, Ding Dongs and Wonder Bread announced Friday.

it is winding down operations. Hostess said it has filed a motion with the U.S. Bankruptcy to close its businesses and sell its assets. The company is dealing with a nationwide strike. Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union hit the picket lines last week in several cities after rejecting in September a contract offer that cut wages and benefits.

Hostess had already reached a contract agreement with its largest union, the International Brotherhood of Teamsters.

Powered by WorldNow
All content © Copyright 2001 - 2013 WorldNow and KCAU-TV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.