The beloved creator and manufacturer of the classic American food "Twinkies," Hostess has closed due to bankruptcy and a strike by its underpaid union workers.
The company had been plagued by bankruptcy and financial mismanagement for years before a worker's strike on November 9th thoroughly crippled the company. The closing will remove the jobs of 18,500 workers.
It is difficult to pin the blame on any one party. Many claim that mismanagement on the side of Hostess, with vast underpayment of its workers and employees, has caused a strike, while some may blame the closings on the simple decline in the market. However, it is unlikely that the public will not see the Twinkie brand as they are currently scrambling to sell the brands to competitors who will extend the life of the foodstuffs.
According to an article on CNN:
"The Bakery Workers union has repeatedly said that mismanagement and the debt placed on the company by its current and past owners were the reasons for the company's failure, not the strike. It said its membership was overwhelmingly opposed to the wage and benefit concessions agreed to by other Hostess employees, including the majority of the 6,700 members of the Teamsters' union at Hostess."
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