(Possible) Death of the Ding-Dong, Twinkie, Wonder Bread: End of an Era?
Reports are that Hostess is starting to close down after a labor dispute. End of a beloved era, or good riddance to junk food heaven?
Twinkies. Hostess Cupcakes. Wonder Bread. Ding-dongs. They could be gone forever, with reports that Hostess Brands, Inc., said today that it will sell off or close down its 82-year old business. Done in, says the CEO, by labor union action. Hostess filed for Chapter 11 bankruptcy protection in January. The company has been challenged by not only by snarly labor relations, and a national strike by its second-largest labor union, but also, posits the Wall Street Journal, by consumers switching to healthier foods and high ingredient costs. But the Journal says that Hostess has threatened liquidation before, and not followed through. But if it does liquidate, what do you think about this end to a junk-food kingdom? Will you buy some Ding-…
Chuck Moitoza
2:34 pm on Sunday, November 18, 2012
True Paul while Brian might be right about the big salaries in Hostess those people are the ones who have invested their money to build a company, and while I agree hard working dedicated employees are losing out it is because of the fat cat Union leaders who are not losing anything from these people losing their jobs! They will continue to be employed Making their bloated salaries on the backs … more ›