Skip to comments.Twinkies maker halting bread operations in Southern California, cutting 1,300 jobs
Posted on 08/28/2007 2:20:47 PM PDT by BurbankKarl
Troubled Interstate Bakeries Corp., in bankruptcy since September 2004, early today said it is closing four bread bakeries in Southern California.
The closings will eliminate 1,300 jobs, which besides those in the bakeries, include jobs impacted by route consolidations. Interstate, the maker of iconic Hostess Twinkies, will continue to make and sell snack cakes in Southern California.
In midday over-the-counter trading, Interstate Bakeries shares were up 10 cents, or 9.09 percent, at $1.20.
The company said the pullout was due to lower-cost, non-union competitors, and irrational pricing,
Those factors, combined with high fixed costs, have continued to make the market unprofitable for the Kansas City based baking company, one of the largest in the U.S., and also the maker of Wonder bread.
Because of the impact on employees and their families, exiting a market is probably the most difficult decision a company can make, Chief Executive Officer Craig Jung said in a news release. At the same time, our primary consideration has to be the companys long-term survival and financial health.
(Excerpt) Read more at kansascity.com ...
Next Little Debbie.
(sniff!) no more deep-fried Twinkies?
Hey I thought there are a lot of Twinkies lovers in Southern CA. Oh, sorry what they have a lot of is lovers of Twinks.
Yet another company deciding that Kali isn’t worth it.
California: evil rich bastards, not paying their fare share, blah, blah, blah.
It’s no mystery as to why an increasing number of people don’t want to (or can’t) do business there.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
"Who's heart will I clog now?"
TE, can you pic Frank’s face when I show him this? EFG ~Pandy~
The Mexican BIMBO brand seems to be doing booming business.
Rosie is going to starve to death!
I wonder how many of BIMBO employees are illegal?
The locally owned bakery in Dallas saw the writing on the wall, and sold out to Bimbo a few years ago.
No, they definitely use non-union labor.
Bimbo bought Entenmens and Orowheat in Socal
Just had some here in FL. The taste difference between them and the vanilla version is subtle - they didn't use enough banana flavoring.
Too bad, really. Never cared for the vanilla version - too bland. And these are too. My wife, who tolerates bland better than I, didn't care for them either. Never had one, of either flavor, deep fried. Not excited enough about the prospect to exert the effort.
In short, you're not missing anything.
I guess they didn’t make enough dough.....
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