Hostess To Close Bakery Outlet Store in Central City
Business was brisk on Friday after the announcement of the closure of Hostess became a big national story. Hostess Brands filed a request with the U.S. Bankruptcy Court in New York to liquidate the company after failing to get its striking workers to accept wage and benefits cuts. Hostess immediately suspended operations at all of its 33 plants across the United States.
The closings will result in the loss of about 18-thousand jobs. The liquidation doesn't necessarily mean the death of Twinkies and Ho Hos, as Hostess says it will be selling the brands and other assets.
Fast-acting entrepreneurs have already started auctioning off boxes of Twinkies on eBay for as much as 100-dollars for a box of ten.
See other LocalNews news:Centralia Fire Department Issues Annual Report
Iowa Utilities Board Meets for 4th Day on Bakken Pipeline Permit
Report: Illinois' Budget Woes Will Require 'Painful' Fixes
Jury Sides with Illinois Man in Excessive Force Lawsuit
Lawmakers Urge Federal Agency to Build Campus at Scott