Hostess Threatens Liquidation to End Strike
Hostess employs about 850 Hoosiers
(Photo courtesy of RTV6)
Hostess, the company that makes Twinkies and Wonder Bread, is expected to ask a bankruptcy judge for permission to liquidate if its workers don't return to the job by Thursday evening.
Workers started striking last Friday over wages--pay cuts.
Gregory Rayburn is CEO of Hostess.
"It is now up to Hostess’ BCTGM-represented employees and Frank Hurt, their international president, to decide if they want to call off the strike and save this company, or cause massive financial harm to thousands of employees and their families," Rayburn said in a released statement.
Hostess employs about 850 Hoosiers--about 450 are union employees who work at bakeries in Indianapolis and Columbus.