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Hostess Bankrupty: Goodbye Twinkies [Audio]

By Nikki Cruz/CBS Radio
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(Photo Illustration By Joe Raedle/Getty Images)

(Photo Illustration By Joe Raedle/Getty Images)

bio-masondixon Mason In The Morning
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Update:

It’s looking like the end of an era, as a last ditch effort to strike a deal between Hostess brands and the bakers union has failed.

Hostess says it will move ahead with plans to liquidate the company.

A bankruptcy judge had asked the two sides to try one more time to reach an agreement, in hopes of saving more than 18-thousand jobs.

Hostess is expected to go back to court today.

Elton John is singing the blues in this parody song, “Goodbye Yellow Cake Rolls”:


Previous News Story:

There’s a liquidation hearing set for Monday for Hostess Brands, the now-bankrupt maker of Twinkies, Ding Dongs, Ho Hos, and Wonder Bread.

The company filed a request last week, with the U.S. Bankruptcy Court in New York to liquidate; and then, suspended operations at all of its 33 U.S. plants.

The bankruptcy court action was taken, after employees went on strike. More than 18-thousand people will lose their jobs.

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