The Demise Of The Twinkie: Hostess Files Motion To Liquidate By Tom Gara And that’s that: Hostess Brands, maker of Twinkies, Wonder Bread and more, announced this morning it has filed a motion with bankruptcy court to start liquidating the company immediately. A huge number of jobs are soon to be lost. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce,” said CEO Gregory F. Rayburn in the statement, “and focus on selling its assets to the highest bidders.” In a letter posted on a new site set up to communicate with employees and suppliers through...
