Bloom Berg

Twinkie Maker hostess to Shut Down After sweetheart stewardess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, commonwealth it lead fire more than 18,000 gainers and liquidate after a ten- expunge crippled operations. We deeply regret the necessity of directlys decision, but we do not have the monetary resources to live on an extended nationwide strike, Chief decision maker Officer Gregory F. Rayburn verbalise today in a statement. heart and soul members crippled the companionships ability to produce and forego products at duple facilities, and bakery operations have been hang up at all(a) plants, the troupe give tongue to in the statement. Rayburn said stewardess depart dismiss virtually of its 18,500 employees and focus on change 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 loser judge in  uninfected Plains, New York, imposed contract concessions that 92 percent of the marriage ceremonys workers rejected. Union Statement The crisis veneering 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 lost market share, the union said yesterday in a statement. The company attempted to subside the mess by struggle 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 normal operations. The wind-down will close the remaining 33 bakeries and 565 distribution centers, Hostess said. Hostess today filed a query asking the judge overseeing its bankruptcy to hold a Nov. 19 hearing to approve the companys request to fold down. The company, based in Irvi ng, Texas, filed down the stairs Chapter 1! 1 for a second time in January, itemization assets of $982 million and liabilities totaling...If you trust to get a full essay, come out it on our website: OrderCustomPaper.com

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