Hostess Says It's Going Out Of Business

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Updated: 11/16/2012 7:24 am
Irving, Texas (AP) - Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business.

The company has said it would liquidate its business if striking union workers did not return by 5 p.m. Thursday.

The maker of the popular Twinkie snack said it couldn’t afford the strike.

It already filed for Chapter 11 bankruptcy in January.

About 18,000 workers are expected to lose their jobs.
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