Contact Us

Hostess Brands Headed Towards Bankruptcy (Again)

Source: roadsidepictures via flickr

Hostess – the maker of such sweet-treats as Twinkies – is headed towards bankruptcy again.  This time, the forecast for recovery isn’t so good.

Hostess Brands, the maker of Twinkies and Wonder Bread, filed today for bankruptcy protection and blamed at least part of its difficulties on outmoded union agreements and work rules.

Pension costs are the elephant in the room this time around and a lot of Wall Street financial experts are predicting that Hostess won’t see the sort of recovery that they did the first time they filed bankruptcy – back in 2004.  That filing took until 2009 for a recovery.

 

Read the Teamsters Statement on the Hostess Bankruptcy – Deal Journal – WSJ.

Best of Kool 101.7

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://kool1017.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KOOL Gang quickly by connecting your Facebook account. It's just as secure and no password to remember!