Hostess in U.S. to lay off 18,000 workers and sell brands
Posted November 16, 2012 4:40 pm.
This article is more than 5 years old.
IRVING, Texas – Hostess Brands in the U.S. said it is going out of business, closing plants that make Twinkies and Wonder Bread and laying off all of its 18,500 workers.
The Irving, Texas, company said a nationwide worker strike crippled its ability to make and deliver its products at several locations.
Hostess had warned employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn’t return to normal levels by Thursday evening.
The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade.
Montreal, Que.-based Saputo has the rights to the Hostess brand in Canada, and according to The Globe and Mail, has said Canadian operations will not be affected.
