November 29, 2012
Striking workers Nam Phan, left, and Randy Goodwin picket outside a Hostess Brand plant, Friday, Nov. 16, 2012, in Biddeford, Maine. Hostess, the maker of Twinkies and Wonder Bread, plans to go out of business, lay off its 18,500 workers and sell its snack cake and bread brands. The Irving, Texas, company said a nationwide strike crippled its ability to make and deliver its products, which also include Ding Dongs, Ho Ho's and Home Pride bread. IBC stands for Interstate Bakeries Corp.
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Hostess Brands Inc. plans to ask for a judge's approval Thursday to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.