*Hostess, the maker of iconic treats like Twinkies, is shuttering its plants and liquidating its 82-year-old business.
A victim of changing consumer tastes, high commodity costs and strained labor relations, Hostess ultimately was brought to its knees by a national strike orchestrated by its second-largest union.
Read/learn more at WSJ.com.
Earlier, we reported …
Hostess is America’s beloved treat maker that we’ve coveted for nearly a century. We’ve hid their goodies from family members, congratulated children with them, and we all have a chosen favorite from their decadent list of sweets.
But the bread and baked good company may be closing its doors permanently after the company’s workers launched a strike on Monday, according to the Wall Street Journal. The report says that the company was already in the midst of bankruptcy and they are going to begin liquidation of the entire company if the strike doesn’t end by 5pm tonight. (more…)
Want to read more articles like this one? Subscribe to EURnewsletter.
Got A News Tip or Video You Want to Share? Contact us HERE.
- The Orlando Magic Give Thanks This Holiday
- Ava DuVernay Responds to Lionsgate Apology for 'Egypt' White-washing
- Flashback - Kobe Bryant Ponders Life after Basketball: ‘I’ve Got to Find My Passion’
- Serena Williams is Half-Naked in 2016 Pirelli Calendar (Pics)
- Miami Jury Now Holds Fate of 'Facebook Killer' In Their Hands! (Disturbing Photo)
- What Does Future Require In His Concert Dressing Rooms?
- Female Characters in ‘The Wiz Live!’ Rewritten to be More Empowered
- John Hairston's Gospel Internet Radio Station Hits the Airwaves in January
- 'He Used to Call Me Ma’am' - A Look Back at Kobe Bryant
- $1.5 Million Bail for Cop Charged in Laquan McDonald Murder
- Discover More Stories on EURweb: Click Here