The baking giant Hostess says it is going out of business.
The maker of Twinkies, Ding Dongs and Wonder Bread made the announcement Friday morning after setting a deadline for 5 p.m. Thursday for striking workers to return to work.
If employees refused, Hostess said it would start liquidating the company.
Hours after that deadline, neither side was backing down.
Hostess then said it would be sometime Friday before they made a decision about liquidation. Then, an announcement came just after 7 a.m.
The move means picketers, including those at the Northeast Philadelphia plant, could be out of jobs.
The employees originally started striking because of a contract that would cut wages and benefits.
Friday, May 24 2013 12:53 PM EDT2013-05-24 16:53:29 GMT
Craft breweries from around the country are toasting the troops with a beer aged with a unique ingredient that symbolizes America's pastime -- baseball bats.Nine different brewers collaborated to create
Craft breweries from around the country are toasting the troops with a beer aged with a unique ingredient that symbolizes America's pastime -- baseball bats.Nine different brewers collaborated to create
Friday, May 24 2013 12:41 PM EDT2013-05-24 16:41:43 GMT
A Philadelphia judge has ordered that a couple who believe in faith healing over medicine be held without bail on third-degree murder charges in the April death of their 8-month-old son.Herbert and Catherine
A Philadelphia judge has ordered that a couple who believe in faith healing over medicine be held without bail on third-degree murder charges in the April death of their 8-month-old son.Herbert and Catherine
Friday, May 24 2013 11:53 AM EDT2013-05-24 15:53:36 GMT
Ocean City is a fabulous family-friendly, shore town that is ready for a fabulous Summer season. From the relaxing beaches to the famous boardwalk, Ocean City is safe, clean and has some of the best food
Ocean City is a fabulous family-friendly, shore town that is ready for a spectacular Summer season.
Friday, May 24 2013 9:37 AM EDT2013-05-24 13:37:26 GMT
The volunteer effort in Oklahoma is underway. Groups from across the country have hit the road, delivering hot meals to anyone in need. One local organization is doing what they can to help the victims
The volunteer effort in Oklahoma is underway. Groups from across the country have hit the road, delivering hot meals to anyone in need. One local organization is doing what they can to help the victims
Friday, May 24 2013 7:29 AM EDT2013-05-24 11:29:02 GMT
Our World War II veterans have seen some of the farthest reaches of the globe. One sight they haven't seen: The World War II Memorial in Washington, D.C.
From the beaches of Normandy to the islands of Okinawa, our World War II veterans have seen some of the farthest reaches of the globe. One sight they haven't seen: The World War II Memorial in Washington, D.C.
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