Hostess calling it quits | News
IRVING, TX (AP) - Hostess Brands says 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 says 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.