• All Share : 50945.56
    DOWN -0.50%
    Top40 - (Tradeable) : 44768.68
    DOWN -0.52%
    Financial 15 : 16261.84
    DOWN -0.57%
    Industrial 25 : 64128.09
    DOWN -0.47%
    Resource 10 : 41161.75
    DOWN -0.80%

  • ZAR/USD : 11.5646
    DOWN -0.12%
    ZAR/GBP : 17.3783
    DOWN -0.64%
    ZAR/EUR : 13.0685
    UP 0.02%
    ZAR/JPY : 0.0973
    DOWN -0.71%
    ZAR/AUD : 8.9366
    DOWN -2.14%

  • Gold US$/oz : 1256.33
    DOWN -2.15%
    Platinum US$/oz : 1217.88
    DOWN -2.93%
    Silver US$/oz : 16.86
    DOWN -6.28%
    Palladium US$/oz : 771
    DOWN -3.13%
    Brent Crude : 48.58
    UP 0.27%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Thu Jan 29 20:23:15 SAST 2015

Twinkies maker to close, cites strike

Sapa-AP | 16 November, 2012 14:56
Hostess Twinkies are pictured in this undated handout photo obtained by Reuters November 14, 2012.
Image by: HANDOUT / REUTERS

The maker of the iconic U.S. snack Twinkies says it is going out of business and laying off all of its 18,500 workers after a national strike crippled its operations.

Hostess Brands had warned employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn't return to normal levels by Thursday evening.

The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.