Maybe Twinkies Really Don’t Last Forever [Poll]
Is a world without Twinkies a world we want to live in? A world we want to raise our kids in?
Well don't look now, because America's favorite confection obsession could go the way of beepers and horse-drawn buggies.
Hostess Brands Inc, the corporation responsible for manufacturing Twinkies, Ding-Dongs, and other heavenly goodness, is on the verge of total liquidation as the result of a national strike by employees.
Hostess employees began striking earlier this month when the company announced an 8 percent wage cut. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), the union organizing the pastry employe strike, is also fighting a reported 27 to 32 percent benefit cut.
The company has not backed down, stating instead that they just cannot continue doing business the way things were before.
We simply do not have the financial resources to survive an ongoing national strike. Therefore, if sufficient employees do not return to work by 5 p.m., EST, on Thursday to restore normal operations, we will be forced to immediately move to liquidate the entire company, which will result in the loss of nearly 18,000 jobs.
-Hostess CEO Gregory Rayburn
Hostess has disclosed that if the strike continues, the company will be forced to file a motion Friday that will start the process of liquidating the company.
Our question to you is: