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Posts Tagged ‘Liquidate’

The Demise Of The TwinkieHostess Files Motion To Liquidate Liberal Unions Rejoice.  But the former employees can land on unemployment, section 8, SNAP food stamps, and Obamacare. Union bosses still receive their Christmas bonuses.

I am trying to keep a running tally of the jobs lost since the reelection of Hussein. But I never ate Twinkies, I am a Philly Tastykake person.

CEO Gregory F. Rayburn in a statement,

Despite everyone’s considerable efforts to move Hostess out of its restructuring, when we began implementing the Company’s last, best and final offer, the Bakers Union chose to stage a crippling strike. This affected Hostess’ ability to continue to make products and service its customers’ needs and pushed Hostess into a Wind Down scenario. As a result, we are forced to proceed with an orderly wind down and sale of our operations and assets. We deeply regret taking this action. But we simply cannot continue to operate without the ability to produce or deliver our products.

There’s no way to soften the fact that this will hurt every Hostess Brands employee. All Hostess Brands employees will eventually lose their jobs – some sooner than others. Unfortunately, because we are in bankruptcy, there are severe limits on the assistance the Company can offer you at this time.

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