Hostess Brands Inc., maker of all the best snacks, most memorably Twinkies, is shutting its plants down and looking to sell off its assets.
The company has been in business for over 80 years but they just couldn't withstand a national strike organized by its second largest union.
The strike was launched to protest a new labor contract and it affected almost two-thirds of Hostess's 36 nationwide plants.
Hostess's CEO said:
"We deeply regret the necessity of today's decision, but we don't have the financial resources to weather an extended nationwide strike."
So now the company will "promptly" lay off almost all of its 18,500 employees and start selling off parts of the company until nothing is left.
Congratulations, union. Now everyone is out of a job.
Hopefully someone buys them and keeps making Twinkies!
Though if not, it's a good thing Twinkies have an indefinite shelf life! (The former statement is only a myth, don't eat expired Twinkies.)
[Image via Hostess.]
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