ObamaEconomy – Hostess going out of business; nearly 18,000 to be laid off due to Obama Policies, Not Racism

Say goodbye to your Twinkies and thank the Obama supporters for allowing this to continue.

North Texas-based Hostess Brands, Inc. has decided to go out of business and liquidate its assets after failing to win back striking workers. The company posted a statement on a website set up specifically for people following the strike.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” said Gregory F. Rayburn, chief executive officer. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”

About one-third of the company’s workers are union members who are unhappy about the company’s cutbacks during its bankruptcy reorganization. But problems with several unions — including the Bakery, Confectionery, and Tobacco workers and the Grain Millers International Union — have prevented the company from moving forward.

Hostess said it will seek bankruptcy court permission to sell all of its assets. The company said bakery production has already shut down.

Some of the brands’ products include Twinkies, Ding Dongs, Ho-Hos, Fruit Pies and Wonder Bread.

via http://www.myfoxdfw.com

Wayne Dupree

Wayne Dupree is owner and founder of WayneDupree.com. He was named to the 2017 Newsmax’s 50 Most Influential African-American Republicans. He served in the USAF between 1987-1995. He saw time in Operation Desert Storm/Shield and is the father of three. He is the host of the Wayne Dupree Show.

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