Hostess Says Company Is Going Out Of Business - FOX 29 News Philadelphia | WTXF-TV

Hostess Says Company Is Going Out Of Business

Posted: Updated:

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.

Powered by WorldNow

330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices