Hostess Threatens to Liquidate Itself If Strike Doesn’t End Today

Hostess, the maker of Twinkies, Ho Hos, Ding Dongs, and other forms of American health food, is currently the target of strike by its workers. If you’re interested in the particulars of the issues at hand, the union’s side can be found here, and the company’s side can be found here. (“The walkouts began after bakery union employees rejected a unilaterally imposed contract that included wage and benefits cuts of 27 percent to 32 percent.”) Regardless, as a fan of artificially flavored cakes, you may be interested to know that management has threatened to shut down the entire company if a deal is not reached today. More »