Friday, November 16, 2012

     Hostess Brands, headquarters located in Irving, Texas plans on closing their doors today, November 16, 2012. Hostess is blaming their bankruptcy on a strike by bakers because of a new contract imposed on them. Because of Hostess closing 33 bakeries and 565 distribution centers, nearly 18,500 workers will lose their jobs. CEO of the company, Gregory Rayburn says Hostess cannot overcome a nationwide strike. However, the company plans to sell to the highest bidder, so Hostess products may still be distributed.
    Hostess has a history of making delicious treats for the American people to enjoy and it is certainly sad to see it's doors close. Most people will miss what Hostess Brands had to offer, I know I will.
   

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