Hostess, maker of Twinkies, goes out of business - WKRN News 2

Hostess, maker of Twinkies, goes out of business

Posted: Updated: Nov 16, 2012 10:09 AM CST
Photo courtesy Associated Press. Photo courtesy Associated Press.
IRVING, Texas -

Hostess Brands says it is going out of business, closing plants that make Twinkies and Wonder Bread and laying off all of its 18,500 workers.

The layoffs include several hundred jobs in Memphis and Knoxville.

Hostess had warned employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn't return to normal levels by Thursday evening.

Thousands of members on Hostess' second largest union went on strike after turning down a contract offer that included cuts to wages and benefits.

The company said the nationwide worker strike crippled its ability to make and deliver its products at several locations.

The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade.

*The Associated Press contributed to this report.

  • InternationalMore>>

  • 13th body pulled from snow in Everest avalanche

    13th body pulled from snow in Everest avalanche

    Saturday, April 19 2014 9:02 PM EDT2014-04-20 01:02:30 GMT
    Rescuers were digging through piles of snow and ice Saturday for four Sherpa guides buried on Mount Everest when an avalanche swept down the slopes and killed 12 other Nepalese guides in the deadliest disaster on...More >>
    Search teams recovered a 13th body Saturday from the snow and ice covering a dangerous climbing pass on Mount Everest, where an avalanche a day earlier swept over a group of Sherpa guides in the deadliest disaster on the...More >>
  • 10 more bodies found inside sunken ferry by divers

    10 more bodies found inside sunken ferry by divers

    Saturday, April 19 2014 8:42 PM EDT2014-04-20 00:42:33 GMT
    The captain of the ferry that sank off South Korea, leaving more than 300 missing or dead, was arrested early Saturday on suspicion of negligence and abandoning people in need. Two crew members also were taken into...More >>
    Divers recovered 13 bodies from inside a ferry that sank off South Korea, pushing the confirmed death toll to 46, officials said Sunday. The discovery came after rescuers finally gained access to the inside of the ship...More >>
  • Holy fire ceremony draws thousands in Jerusalem

    Holy fire ceremony draws thousands in Jerusalem

    Saturday, April 19 2014 5:12 PM EDT2014-04-19 21:12:03 GMT
    The dark hall inside Christianity's holiest shrine was illuminated with the flames from thousands of candles on Saturday as worshippers participated in the holy fire ceremony, a momentous spiritual event in...More >>
    The dark hall inside Christianity's holiest shrine was illuminated with the flames from thousands of candles on Saturday as worshippers participated in the holy fire ceremony, a momentous spiritual event in Orthodox...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WKRN (Young Broadcasting station). All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.