(WXYZ) - Is the final bell about to toll for Ding Dongs and Twinkies? Bankruptcy is threatening the future of the treats that children have loved for decades. Hostess Brands, which makes Twinkies, is asking the bankruptcy judge to void its union contracts. The Teamsters are threatening to go out on strike if that happens.
The Hostess management sent a letter to employees warning that the company could not survive a strike and would be forced to liquidate. Hostess employs more than 18,000 people.
This is the second time that Hostess has gone through bankruptcy since 2004. The company also makes Wonder Bread. The company claims that it owes more than a $1 billion to 50,000 creditors. The pension fund is the largest creditor. Hostess has been baking treats and bread since 1930. The company lost a lot of its business after nutritionists criticized the sugary treats for being too high in calories with little nutritional value.
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