Hostess to close plants after weeklong strike by bakers union
Hostess Brands announced today that it plans to cease operations.
This news comes after a weeklong strike by the bakers union, which Hostess said crippled its ability to maintain production.
The company will immediately lay off most of its 18,000-person workforce.
Hostess is hoping someone will buy its brands, including Wonder Bread, Ding Dongs and Twinkies.