Way to go unions, no more Twinkies, Ho-Ho's or Wonderbread...
North Texas-based Hostess Brands, Inc. has decided to go out of business and liquidate its assets after failing to win back striking workers.
Hostess also reduced its pension obligations and its contribution to the employees' health care plan. In exchange, the company offered concessions, including a 25% equity stake for workers and the inclusion of two union representatives on an eight-member board of directors. http://money.cnn.com/2012/11/16/news/companies/hostess-closing/