Hostess workers still on strike, company to announce Fri. whether it will close

Print
Email
|

by Associated Press and KING 5 News

KING5.com

Posted on November 15, 2012 at 12:38 PM

Updated Thursday, Nov 15 at 6:30 PM

NEW YORK  -- Hostess workers are still on the picket line, but we won't know until Friday morning whether the company plans to liquidate.

Hostess Brands Inc. warned striking employees that it will move to liquidate the company if they don't return to work by Thursday afternoon.

The maker of Twinkies, Ding Dongs and Wonder Bread said it would file a motion in U.S. Bankruptcy Court to shutter operations if enough workers didn't return by 2 p.m. PST. That would result in the loss of about 18,000 jobs, including those at the facility Seattle’s South Lake Union neighborhood.

However, when the 2 p.m. deadline came and went, workers continued to strike.

A spokesman for Hostess said the company will make an announcement Friday morning whether it will liquidate.

Hostess, based in Irving, Texas, reached a contract agreement with its largest union, the International Brotherhood of Teamsters. But thousands of members in its second biggest union, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, went on strike last week to protest cuts to wages and benefits under a new contract offer.

The privately held food maker filed for Chapter 11 protection in January.

Print
Email
|