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Fri November 16, 2012
Hostess bankruptcy will close Mayfield depot
The closing of the major baked goods provider Hostess is leaving employees in our region out of work. The Irving, Texas based company and maker of twinkies and wonder bread is closing plants, laying off more than 18,000 workers and putting its brands up for sale.
The company cites a nationwide worker strike for crippling its ability to operate. 15 workers at the Hostess depot in Mayfield will likely lose their jobs. Matthew Flood is a sales associate for Hostess in Mayfield. He says he and his colleagues were caught off guard.
“They’ve been sending letters saying their financial status and saying what we need to do to get out of the situation," Flood said. " It’s been a long going situation but once the decision was made it was pretty quick.”
Hostess warned striking employees it would file for bankruptcy if plant operations didn't return to normal levels by yesterday (Thursday). The privately held company filed for Chapter 11 bankruptcy in January to reorganize and restructure. This is its second bankruptcy in less than a decade.