Wonder Hostess Will Layoff 18,000 Workers this May and June

I wonder about Wonder, is it going to disappear or is it going to be bought out by Bimbo or another company? So far, the information out there is not very positve for Wonder Hostess, and I must say neither for Teamsters.

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Hostess Brands Inc. on Friday sent out letters notifying its more-than 18,000 workers that they could be laid off in the next two months.

The maker of Twinkies and Wonder Bread on Friday mailed out WARN Act notices to all of its employees, a Hostess spokeswoman confirmed to Bankruptcy Beat Monday. The federal WARN Act requires companies to give employees 60 days notice before closing a facility or ordering mass layoffs. However, sending the notices doesn’t mean a company is definitely going to lay off the recipients.

Read more about this “WRECKOVERY”

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