Think twice before going for that hot Ding Dong
November 15, 2012 4:16 PM Subscribe
Hostess, the maker of Twinkies, Ding Dongs, and Wonder Bread has filed for bankruptcy twice in the past two years. Hostess workers (members of the Teamsters' Union) staged a walkout on Sunday after the company cut wages by 8 percent and benefits by up to 32 percent. Since the workers went on strike, Hostess has closed three of its plants. Hostess said today that if enough workers do not return to work by this evening, it will liquidate the company and lay off its 18,000 workers. It will announce its decision tomorrow.
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