Hostess warns striking workers of liquidation

Hostess warns striking workers of liquidation

Hostess warns striking workers of liquidation

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by Associated Press

KMOV.com

Posted on November 15, 2012 at 1:39 PM

Updated Friday, Nov 16 at 5:27 AM

ST. LOUIS (KMOV.com) -- Hostess workers in north St. Louis learned Monday they no longer have jobs after supporting a strike at other plants.

Now, Hostess Brands Inc. is warning striking employees that it will move to liquidate the company if they don’t return to work by Thursday evening.

 

The maker of Twinkies, Ding Dongs and Wonder Bread says it will file a motion in U.S. Bankruptcy Court to shutter operations if enough workers don’t return by 5 p.m. That would result in the loss of about 18,000 jobs.

Hostess, based in Irving, Texas, reached a contract agreement with its largest union, the International Brotherhood of Teamsters. But thousands of members in its second biggest union, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, went on strike last week to protest cuts to wages and benefits under a new contract offer.

The privately held food maker filed for Chapter 11 protection in January.

 

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