Reported by CBS Chicago
Hostess Brands Inc. said it likely won’t make an announcement until Friday morning on whether it will move to liquidate its business, after the company had set a Thursday deadline for striking employees to return to work.
The maker of Twinkies, Ding Dongs and Wonder Bread had warned employees that would file a motion in U.S. Bankruptcy Court to unwind its business and sell off assets if plant operations didn’t return to normal levels by 5 p.m. EST Thursday. That would result in the loss of about 18,000 jobs.
source: http://chicago.cbslocal.com/2012/11/15/will-chicago-born-twinkies-cease-to-exist-hostess-may-liquidate-amid-labor-strife/
Print this page.Advertisements
