### [2012-11-16](/feed/2012/11/16/index.md)

##### Hostess Brands
# Hostess Brands announces it will file for bankruptcy and liquidate its assets, stating that a bakery union's worker strike stemming from contract disputes "crippled" its operations. 18,500 workers are expected to be laid off. 




### Sources:

1. [Bloomberg](https://www.bloomberg.com/news/2012-11-16/twinkie-maker-hostess-to-shut-down-after-strike.html)

### Related:

1. [Private equity firm Apollo Global Management announces that it has purchased the rights to Twinkies and other Hostess Brands snacks and hopes to have the treats back on grocery shelves by summer. [http:--www.chicagotribune.com-business-breaking-chi-new-hostess-owner-eyes-twinkies-summer-return-20130312,0,704303.story ("Chicago Tribune")]date=August 2019 ](/feed/2013/03/12/private-equity-firm-apollo-global-management-announces-that-it-has-purchased-the-rights-to-twinkies-and-other-hostess-br.md) _Context: Hostess Brands_
2. [U.S. Bankruptcy Court Judge Robert Drain orders the baker's union and Hostess Brands to negotiate through mediation, which was skipped when the company gave its ultimatum to shut down and release its employees and the strike continued. This halts the shutdown process and the moves by other companies to acquire it, for now. ](/feed/2012/11/19/us-bankruptcy-court-judge-robert-drain-orders-the-baker-s-union-and-hostess-brands-to-negotiate-through-mediation-whi.md) _Context: Hostess Brands_