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No more Twinkies? Hostess threatens to close permanently

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  • Description

    Bakery brand to shut down if strike doesn't end today

  • Duration 2:24
  • Date

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This transcript is automatically generated

Or at the big -- this could be a dark day for all those twinkie lovers out there including.

Post this threatening to shut off the lights and turn off the -- for good.

If striking workers do not get back to work by the end of the day Trace Gallagher has the details -- -- coaches and -- And the reason -- -- -- -- for bankruptcy back in January to begin -- because they could not come to terms with any of their unions when it came to wages benefits and health -- now.

Since then they have come to terms with the Teamsters which is their biggest union but they have not struck a deal with the bakers union and that's who is now on strike so you have 23 of the company's 36 bakeries around the country striking and if the strike continues until 5 o'clock today.

Hostess is asking a judge to allow them to shut the company down for good.

And sell off all the assets saying and I'm quoting here.

We simply do not have the financial resources to survive an ongoing national strike now.

Thirteen thousand of -- hostesses 181000 employees are not on strike.

But their jobs are in great jeopardy.

And one of those employees said quote you know it's frustrating because everybody here feels like what are you gonna strike for -- in bankruptcy it's not -- game.

-- pay wager anything like that.

So we're still waiting for the -- union to give us a response but they have said they are tired of taking these draconian cuts.

Just so you know here's the deal that hostess offered right year one.

8% pay cut.

-- -- 3%.

Increase year five of 1% increase overall.

They take a 4% cut not great but as one employee said at least it's a job and just say you know -- and the twinkies the Ding Dong it's the ho -- or -- Wonder Bread whatever.

That they might be -- -- so they wouldn't actually go away forever some other company would just take over the name but it doesn't really ring the same right Betty Crocker.

I think tongues doesn't really have the same kind of kind of flair that hostess twinkie and hostess and.

My not at all I'm token I'm so conflicted over the as the gonna tell you not just a young child at the time you know.

910.

But I a lot of those twinkies allow allowed three he's in -- using a look at my parents face and I got back from the summer's -- -- the -- She's going to be witness for -- long time they used to say how to get it up.

It didn't feel these are those shares that they can -- --

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