Breaking News: Londonderry Hannaford and Shaws are SOLD OUT of Twinkies as of 1:30 PM, Friday, November 16, 2012.
Hostess Brands announced today that it is asking for permission to close its operations after experiencing an ongoing union strike protesting a new contract. Makers of sweet treats like Twinkies, Donettes, Ho Hos, and Sno Balls, the closing will result in nearly 18,500 workers losing their jobs. The company will close 33 bakeries, 565 distribution centers, and 570 outlet stores nationwide.
Hostess hopes to sell its assets to the highest bidder. This could mean that some of America’s favorite guilty pleasures will return, as other companies purchase the rights to them. But Hostess workers will not be getting their jobs back.
“The industry has overcapacity. We’re overcapacity. Our rivals are overcapacity,” said Rayburn in an interview on CNBC. Asked if the shutdown decision could be reversed if the Bakers’ union agreed to immediately return to work, he responded, “Too late.”
The company said production at all its bakeries will cease as of today and the stores will no longer receive products from Hostess after the final deliveries were made Thursday night. However products already in stores can be sold, and the outlet stores will remain open for about a week to sell already-stocked products.
Hostess Brands snack foods included Twinkies, CupCakes, Ding Dongs, Ho Ho’s, Sno Balls, Donettes, Drake’s cakes and Dolly Madison. Bread brands to be sold include Wonder, Nature’s Pride, Merita, Home Pride, Butternut, and Millbrook, among others.
WMUR contributed to this report. For more photos of popular Hostess snack foods, click here.