The privately held Irving, Texas, company's move marks the second significant court restructuring in the past several years. In a statement, Hostess said the current cost structure "is not competitive, primarily due to legacy pension and medical benefit obligations and restrictive work rules." It said it would be able to maintain operations thanks to a $75 million financing commitment from a group of lenders.
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I blame it on the Democrats and place that blame right at the White House steps.
(Excerpt) Sales of its signature Twinkies have declined a bit recently while the overall bakery-snacks category has been about flat. Nearly 36 million packages of Twinkies were sold in the year ended Dec. 25, down almost 2% from a year earlier,..(End)
The First Lady, travelling around the country, talking about nutritious food/school lunches is driving a stake through the heart of the empty-calorie, sugar filled, preservative-laden snack business. People talk about kids being lazy, having no ambition, while they deliberately attack the "sugar fix" so many kids crave. That "go-get-'em", hyper-active attitude kids were known for has declined to the point where even the defacing of public buildings by graffit is declining.
It's time for a Republican, Conservative, capitalistic campaign to fill our schools with snack machines. Do we want our 14 year olds to be leaning on mops or scrubbing those those toilets?
It's time to take the country back, back to the days of child labor, malnourished children and company executives living in mansions with servants. To hell with the unions!
(I'm Gingrich, Perry, Paul, Romney, Huntsman and Santorum and I approve this message.)
