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Hostess To Close Down All Factories In US

 16Nov2012
 The  workers  strike  of  Hostess  brand company  has now ended in company declaring  to close all it operations with  company  filing  for bankruptcy    .This  would  allow management to  layoff  most of the workers from strength of 18,500.This  also paves the way for selling of its  asset  to buyers to clear liabilities .Hostess brands has assets such   as  33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores throughout the United States .Hostess is  among  the top bakery product manufacturers in US  in league of companies like  Bimbo and Flowers Foods .  Brands like Hostess, Drakes, Dolly Madison, Twinkies, CupCakes, Ding Dongs, Ho Ho’s, Sno Balls, Donettes, Wonder, Nature’s Pride, Merita, Home Pride, Butternut and Beefsteak are popular  Hostess Brands .



It  all started  with  Company filing  reorganization report  for revival   of Hostess Brands  which has been reeling under consecutive loses in sales . Management has introduced longer hours and 8% pay cuts  in revival plan with no provision of pensions  as perks . These  clauses  has provoked  Bakery , Tobacco , Confectionery ,Grains and Millers Union (B.T.C.G.M.U)  International Union  to call for strike .


This  incident  of complete break down of  understanding between  worker union and company management serves  none  . Across globe we have several examples of big bakeries shutting down their operations  due to strikes and lockdowns  impacting thousands of worker . We think that sense would prevail on both side and production would resume as soon as possible .

For on this story visit
money.cnn.com

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