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 going out of business; nearly 18,000 to be laid off - Dallas News | myFOXdfw.com
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.
Hostess Brands closing for good due to bakers strike - Nov. 16, 2012