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Twinkie Maker hostess to Shut Down After hook on stewardess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, order it lead fire more than 18,000 inclineers and liquidate after a ten- decrease crippled operations. We deeply regret the necessity of immediatelys decision, but we do not have the fiscal resources to live on an extended nationwide strike, Chief executive Officer Gregory F. Rayburn verbalise today in a statement. amount members crippled the companionships ability to produce and fall by the wayside products at duple facilities, and bakery operations have been hang at all(a) plants, the troupe verbalize in the statement. Rayburn said stewardess depart dismiss virtually of its 18,500 employees and focus on marketing assets. Shipments of bread, pungency cakes and other products allow continue until supplies run out, he said. The Bakery, Confectionery, baccy Workers and Grain Millers International Union went on strike Nov. 9 after a lose r judge in  uninfected Plains, New York, imposed contract concessions that 92 share of the marriage ceremonys workers rejected. Union Statement The crisis cladding stewardess Brands is the result of close to a decade of financial and operational mismanagement that resulted in two bankruptcies, mountains of debt, declining sales and garbled market share, the union said yesterday in a statement.

The company attempted to subside the mess by fight the companys most valuable asset -- its workers. Hostess closed three of its 36 plants permanently Nov. 12, blaming the strike. The company said it determined last nighttime that not enough employees had returned to work to restore norm al operations. The wind-down will close the ! remaining 33 bakeries and 565 distribution centers, Hostess said. Hostess today filed a front asking the judge overseeing its bankruptcy to hold a Nov. 19 hearing to approve the companys request to exclude down. The company, based in Irving, Texas, filed down the stairs Chapter 11 for a second time in January, itemization assets of $982 million and liabilities totaling...If you deficiency to get a full essay, come out it on our website: OrderEssay.net

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