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rzetlin wrote on 2012-11-16 17:48
The 82-year-old company, weighted down with $1 billion debt and $2 billion in unfunded pension liabilities, collapsed as what Fortune magazine called “obstinacy, miscalculation, and lousy luck connived to create corporate catastrophe.â€
With it goes the lore and legend of the snack cake Twinkie, tested for its indestructibility, invoked as a homicide defence and star of a Woody Harrelson movie
“We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike,†said Gregory F. Rayburn, chief executive officer of the company that makes Twinkies and Ding Dongs.
“Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.â€
http://www.thestar.com/business/article/1288748--no-more-twinkies-hostess-going-out-of-business
Oh the humanity, of having no more twinkies!
[video=youtube;pzaQjS1JstY]http://www.youtube.com/watch?v=pzaQjS1JstY[/video]
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Kingofrunes wrote on 2012-11-16 17:55
aww :(
Farewell Twinkies. I can't remember the last time I had one...
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Kayate wrote on 2012-11-16 17:57
Screw the twinkies I want more chocodiles QQ
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Rin wrote on 2012-11-16 17:58
One more peanut butter wafers.
Just one more for me.
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Lan wrote on 2012-11-16 18:36
Poor Tallahassee.
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Nanachi wrote on 2012-11-16 18:37
Some guy just bought out every box of Twinkies at the Walmart near my house.
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Huhu wrote on 2012-11-16 18:46
It's a sign. They cut off our source of Twinkies and only those with the biggest storage of Twinkies will survive the Apocalypse that draws close.
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Sumpfkraut wrote on 2012-11-16 18:59
You could think of the employees, you know. This isn't Bean Rua.
Let's hope the new owners won't have to lay off too many.
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Altava wrote on 2012-11-16 19:00
I'm gonna cry.
No more twinkies and all of those poor people out of work.
It's horrible.
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Cynic wrote on 2012-11-16 19:16
Never really liked Twinkies (or most sweets for that matter), but I can only imagine how bad it's going to be for the workers. I hope they're able to make it through alright.
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Sebbies wrote on 2012-11-16 19:18
Wow, all of those jobs lost.
On another note, bought 4 boxes of twinkies and 2 boxes of ding dongs 2 days ago.
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Nithiel wrote on 2012-11-16 19:24
OH MY GOD! NOT THE TWINKIES! NOOOOOOOOOOOOOO!
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TLCBonaparte wrote on 2012-11-17 04:52
Noooo, this crushes my dream of Wall-E comnig true :(
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Cannibal wrote on 2012-11-17 04:54
Sucks for the workers, but all the people coming into work today and buying twinkies and whining and all that was really entertaining. People are so annoying.
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Sumpfkraut wrote on 2012-11-17 07:55
On a sidenote, it's extremely unlikely that you won't have twinkies. Considering its apparent huge appeal, it find it very likely that someone will just buy up the production facilities and whatever else associated with it and continue producing them.