good to the last bite

Bloomberg:Hostess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, said it will fire more than 18,000 workers and liquidate after a nationwide strike by bakery workers crippled operations.
Enlarge image
Hostess Brands Inc., the maker of Wonder bread and Twinkies, said it will shut down and liquidate after a strike by members of its bakery workers’ union “crippled” the company’s operations. Photographer: by Scott Olson/Getty Images
…
The wind-down will close the remaining 33 bakeries and 565 distribution centers, Hostess said. 
Gregory “Greg” Rayburn, chief executive officer of Hostess Brands Inc., said Hostess will dismiss most of its 18,500 employees and focus on selling assets. Photographer: Scott Eells/Bloomberg
“Companies in bankruptcy don’t have any margin for error,” Chief Executive Officer Gregory F. Rayburn said today in an interview with Betty Liu on “In the Loop” on Bloomberg Television. “We just didn’t have enough workers crossing the picket line.”
The 82-year-old maker of Hostess CupCakes, Ding Dongs and Ho Hos was undone by the strike after changes in American diets led to years of declining sales while ingredient costs and labor expenses climbed. The decision to liquidate capped a weeklong standoff between the company, once the largest U.S. wholesale baker, and a union that called its proposed labor contract “horrendous.