Hostess says strike putting it out of business

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Friday, November 16, 2012

Hostess Brands says striking workers are forcing the company out of business.

The company had warned employees that it would file a motion with U.S. Bankruptcy Court Friday seeking permission to shutter its operations and sell its brands if plants hadn't resumed normal operations by a Thursday evening deadline. The deadline passed without a deal.

The closing would mean the loss of about 18,500 jobs.

Read more at OregonLive.com.

{biztweet}hostess{/biztweet}

 

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