As we may know that the Twinkies, sno balls, ho ho’s , and the ding dongs are no longer being sold unless you live the U.S.
The Hostess brand Inc says that they are going out of business after striking workers across the country crippled to make, the Twinkies, the Ding Dongs,and there other snacks. The company had warned the employes that it would file a motion with the U.S Banruptcy Court on Friday. They need permission to shutter its operations and sell its brands, if the plants hadn’t resumed the normal operations by Thursday evening deadline, the deadline passed without a deal.
The closing would mean the loss of about 18 500 jobs across the U.S.
Rayburn has said that hopefully the company will find buyers for its roster of about 390 brands which includes Ho Ho’s, Dolly Madison , Drake’s and Nature pride snacks, and Wonder Bread. The company books about $2.5 billion sales in a year.
But wait there’s more, THE TWINKIES will NOT DIE!!!
The Hostess Brand Inc and largest second union will go into business to try to resolve their differences , which means the business won’t go out yet.
This came on the news on Monday as the Hostess company was about to liquidate and sell its assets in the bankruptcy court citing a crippled strike last week.
The Bankruptcy judge hearing the case said on Monday that the parties hadn’t gone through the critical step of mediation and asked the lawyer of for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which they have been on strike on Nov. 9. Who asked the client who wasn’t present at the time if he would participate.
Hostess and the union are expected to begin mediation process on Tuesday. The company hopes that it will emerge with stronger financials. It brought on the CEO Gregory Rayburn as the restructuring expert. Rayburn wasn’t able to reach the deal with the bakery union, also that Hostess was already operating on razor-thin margins and that the strike went off the final blow. On Friday they are going to be stocking the stores with your favourite Hostess treat
Even if Hostess goes out of business, its popular brands will likely find a second life after being snapped up by buyers . Although the sales have been declining in recent years, the company still makes about $ 2.5 billion in the business each year. Twinkies alone have brought in $68 million so far this year.
When I frist heard about the Hostess Twinkies going away, I was quite upset. I love Twinkies but I didn’t want them to leave. The reason why was not because they are just good they are interesting to learn about the history behind the, like I never knew that they were made in the 1930′s. Now them coming back we can still learn about how they were made and why they were made i can take a guess they just wanted to make a yummy snack.
So I am glad that Twinkies are coming back and I hope the are her to stay!!