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Business

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Associated Press

Hostess threatens to liquidate

Hostess Brands Inc. is warning striking employees that it will move to liquidate the company if plant operations don’t return to normal levels by Thursday evening.

The maker of Twinkies, Ding Dongs and Wonder Bread said Thursday it will file a motion in U.S. Bankruptcy Court to shutter operations if enough workers don’t return by 5 p.m. EST. That would result in the loss of about 18,000 jobs – including 856 Hoosier positions.

In May, the company notified state officials of potential layoffs as it worked to reorganize through Chapter 11 bankruptcy protection. The maker of bread and snack cakes alerted the Indiana Department of Workforce Development of its pending actions.

The Irving, Texas-based company said it employs 17 at its 1912 Bluffton Road outlet store location.

Paul Wyche of The Journal Gazette contributed to this story.

pwyche@jg.net

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