16 Nov, 2012
Hostess files for bankrupcy
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Mark Devlin
Mark Devlin2012-11-16 15:07:352014-05-03 02:35:49Hostess files for bankrupcyHostess Brands files a request with the U.S. Bankruptcy Court in New York to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers. A hearing on the matter is set for Monday 19 November..
Hostess said the liquidation would mean that most of its 18,500 employees would lose their jobs. Hostess immediately suspended operations at all of its 33 plants across the United States as it moves to start selling assets.
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