NOOOO! NOT THE DING DONGS! THAT’S THE LAST STRAW!
Gee I hope that the BRAIN-DEAD IDIOTS who voted for Obama in this line of layoffs get their DAMN OBAMAPHONES!
The Blaze: Hostess is dead.
The company plans to go out of business, lay off its 18,500 workers, and sell its snack cake and bread brands. Hostess claims a nationwide strike crippled its ability to make and deliver its products.
The Irving, Texas, company suspended bakery operations at all its factories and said its stores will remain open for several days to sell already-baked products.
The company 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. The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade.
“Many people have worked incredibly long and hard to keep this from happening, but now Hostess Brands has no other alternative than to begin the process of winding down and preparing for the sale of our iconic brands,” CEO Gregory F. Rayburn said in a letter to employees posted on the company website.
He added that all employees will eventually lose their jobs, “some sooner than others.”