I'm kinda freaking out here folks...no more Twinkies? THE MAYANS WERE RIGHT...THE WORLD IS ENDING, WE'RE DOOMED, DOOMED I TELL YA!Twinkies, Ding Dongs Maker Hostess Liquidates Following Failure To Resolve Labor Union Animosity
Hostess Brands, the company better known as the maker of Butternut, Ding Dongs, Dolly Madison, Drake's, Home Pride, Ho Hos, Hostess, Merita, Nature's Pride, and of course Wonder Bread and Twinkies, and which previously survived one multi-year Chapter 11 bankruptcy process, when it operated as Interstate Bakeries, has just made a splash at the NY Southern Bankruptcy court, for the last time, with a liquidation filing. The reason: insurmountable (and unfundable) difference in the firm's collective bargaining agreements and pension obligations, which resulted in a crippling strike that basically shut down the company. In other words, Twinkies may well survive the nuclear apocalypse, but there was one weakest link: the company making them, was unable to survive empowered labor unions who thought they had all the negotiating leverage... until the led their bankrupt employer right off liquidation cliff.