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Hostess Threatens To Close If Strike Continues
Ogden, Utah (CNN) - Twinkies-maker Hostess Brands says it will file a motion to liquidate the entire company on Friday if enough striking employees do not return to work Thursday. Hostess Brands workers across the country are on strike against an eight-percent across the board pay cut next year...and the closing of bakeries in Seattle, Saint Louis and Cincinnati. People in Ogden, Utah where Hostess has another plant, say the company is a crucial part of the workforce. "A lot of people come here and a lot of people rely on it for jobs. My boyfriend just applied for a job there and he was hoping to get one." Hostess has been trying to reorganize under Chapter 11 bankruptcy. Liquidation would cost more than 17-thousand Hostess workers nationwide their jobs.