Twinkies – And 18,000 Jobs – Fall Victim To Union-Management Dispute

18,000 jobs will also disappear because of these unions:

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” said Gregory F. Rayburn, chief executive officer. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.” 

About one-third of the company’s workers are union members who are unhappy about the company’s cutbacks during its bankruptcy reorganization. 

But problems with several unions — including the Bakery, Confectionery, and Tobacco workers and the Grain Millers International Union — have prevented the company from moving forward. Hostess said it will seek bankruptcy court permission to sell all of its assets. The company said bakery production has already shut down.

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