Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
COLOREDCUNT happy
says
"Whitey wont be feeding our kids no junk no mo!"
By Wallace Witkowski SAN FRANCISCO (MarketWatch) -- Hostess Brands Inc. said Wednesday that it received court approval to wind down the business, and that prospective bidders should contact the company's representatives. The maker of Twinkies and Wonder Bread said the U.S. Bankruptcy Court for the Southern District of New York approved its emergency motion to begin liquidation. Brand sales will be handled by Perella Weinberg Partners and asset sales will be handled by FTI Consulting, according to Hostess. The company will retain 3,200 of its workers for the initial phase of the liquidation, and cut 94% of its staff within the first 16 weeks of the process, completing the liquidation in one year. As a result, 33 bakeries, 565 distribution centers and 570 bakery outlet stores will be closed, resulting in the loss of 5,500 delivery routes and 18,500 jobs
says
"Whitey wont be feeding our kids no junk no mo!"
By Wallace Witkowski SAN FRANCISCO (MarketWatch) -- Hostess Brands Inc. said Wednesday that it received court approval to wind down the business, and that prospective bidders should contact the company's representatives. The maker of Twinkies and Wonder Bread said the U.S. Bankruptcy Court for the Southern District of New York approved its emergency motion to begin liquidation. Brand sales will be handled by Perella Weinberg Partners and asset sales will be handled by FTI Consulting, according to Hostess. The company will retain 3,200 of its workers for the initial phase of the liquidation, and cut 94% of its staff within the first 16 weeks of the process, completing the liquidation in one year. As a result, 33 bakeries, 565 distribution centers and 570 bakery outlet stores will be closed, resulting in the loss of 5,500 delivery routes and 18,500 jobs
reminder: union *bosses still have jobs, union *workers don't
