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Wed May 22 23:58:36 SAST 2013

European beach city named top summer destination

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.

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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.

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