Bankruptcy and Factories and Manufacturers and Food manufacturers and Manufacturing & Technology

Hostess says jobs of 856 Indiana workers in danger

May 9, 2012

Hostess Brands Inc., the maker of the iconic Twinkies snack, notified state officials Wednesday afternoon that it might close plants in 21 Indiana cities, throwing 856 employees out of work in the process.

About 340 of those workers are in Indianapolis, where Hostess operates five plants, located at 2801 Lafayette Road, 2929 N. Shadeland Ave., 3806 Madison Ave., 5353 W. 10th St. and 9233 E. 33rd St.

The Irving, Tex.-based company said the job cuts could occur in July, or 60 days after the notification it provided to the Indiana Department of Workforce Development, if it does not find a buyer or emerge from bankruptcy.

Columbus, where Hostess has 237 workers at three plants, would take the next biggest hit in Indiana.

In the Indianapolis area, a Hostess plant in Greenwood employs 29 workers and another in Anderson has 18.

The troubled company filed for chapter 11 bankruptcy reorganization in January and has been in discussions with potential buyers to complete a restructuring.

“However, it is possible that, despite our best efforts, certain events may occur that would require Hostess to sell all or portions of its business and/or wind down its operations and liquidate,” the company said in the state filing.

The company was founded in 1930 and has annual revenue of more than $2 billion.

It is the largest wholesale baker and distributor of fresh bakery products in the United States, and is the owner of the Wonder Bread, Nature's Pride, Dolly Madison, Butternut Breads and Drake's brands.
 

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