[url=http://www.theblaze.com/stories/the-twinkie-is-dead-hostess-to-close-18k-layoffs-expected/]source[/url]
because the unions didn't want an 8% pay cut, so they decided to have an 100% pay cut (they didn't return to their jobs). Now Hostess can't keep their company afloat.
The Mayans better be right about the world ending in 2012
[Edited on 11.16.2012 6:56 AM PST]
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The Twinkies brand will be sold and produced by a former competitor. If anything from Hostess survives, Twinkies will be it.