No more Ding Dongs, Twinkies and Wonder Bread? Hostess, the parent company of the famous snacks and bread, is closing it's doors.
Flickr Creative Commons
The company, founded in 1930, is fighting battles beyond labor costs, however. Competition is increasing in the snack space and Americans are increasingly conscious about healthy eating. Hostess also makes Dolly Madison, Drake's and Nature's Pride snacks.
Hostess said it would file the motion to liquidate Friday if needed, with a hearing scheduled for Monday. If the motion is granted, Hostess would begin closing operations as early as Tuesday.
[ 9NEWS ]
What Does this Mean for Denver, Colorado?
The Irving, Texas-based company has a Wonder Bread and Home Pride bread plant at 80 E. 62nd Ave. in Denver, near interstates 25 and 76. As of May, when Hostess' Denver workers were warned of potential layoffs, the plant had 167 employees.
[ Denver Business Journal ]
The loss is greater for the thousands that will lose their jobs across the country. Let's keep them in our thoughts, especially at this time of year.
