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Hostess says jobs of 856 Indiana workers in danger

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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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  • Good or Bad?
    I read the article at the link in the last post and you have to look at what Unions did for their workers. In the short term, they got them better wages, guarantees to have a job doing this or that..... BUT in the long run what they got them was another company bankrupted by forcing them to do things that make no monetary since. They got their union workers un-employed.

    I'm not the least anti-union but I really think that this country needs to start getting smarter about how we do things.

    In the primary election we elected Mourdock and the reason (as printed by our media sources) is that he won't compromise. Well the Unions wouldn't compromise at Hostess. I'm not supporting Lugar or saying that just because our media outlets say Mourdock won't compromise means he won't... what I'm saying is that we have to take an honest look at all of our problems and begin to find real solutions that don't put all of us out of work. It will take compromise because we are a society of mixed people, of mixed ideas, of mixed _____ fill in the blank. There is no right for every single person or problem. We have to realize that, even when we don't agree with the outcome and even it if means sacrifice, sometimes we have to give in and compromise.

    I hope that the unions and the workers for the unions realize that they may have to give maybe even a lot to keep some of what they have and I hope that at least a majority of the voters will look at the "austerity measures" that other countries are having to face now are a real possiblility here if we don't compromise and work for solutions that work and make most people happy for what they've gained and mad at what they've lost. Otherwise the losses will be much greater.

    We have to compromise --give and get--- the give will hurt some but it has to be.

    It's the only way this GREAT system and country we live in will work and prosper and shine like the light it has been for 236 years.
    • Unions Again
      For another take on why Hostess is in trouble read the following link:
      http://radioviceonline.com/hostess-twinkies-vs-the-unions/
    • Twinkies
      Don't blame me. I eat my share, right out of the package, deep fried, for breakfast, dinner and supper. Soooooo good.
    • Is it just me...
      ...or does it seem odd that they would have so many plants in Central Indiana? Where are all those Twinkies going? It doesn't seem like they're jumping off the shelves at the gas stations. I would expect them to have maybe one plant in all of Central Indiana at most.

      On a bit of a tangent, did anyone else stopping buying these products partially in response to their ceasing to advertise the price of the products on the sales rack?
    • no surprise
      While I'm sorry about the jobs, this could have been predicted, but company has failed to use foresight. The market for eating unhealthy food (or faux food) is shrinking with the alarm about diabetes and obesity. They should have looked for a product to make that won't kill the consumer in the end. Maybe Americans are waking up -- hope it's not too late. And yes, what they say about Twinkies is true -- I once sat at a meeting where I could look out a window and see a Twinkie squashed up on some bricks in a courtyard and sheltered from rain, and the next year I attended a meeting in the same room. The Twinkie was still squashed on the bricks in the courtyard.

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    1. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

    2. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

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    4. Hey smudge, You're opposed to arresting people for minor crimes? Sounds great! We should only focus on murders and such, right? Let's stand around and wait until someone shoots someone before we act. Whatever we do, we should never question anyone, frisk anyone, or arrest anyone unless they are actively engaged in shooting or stabbing. Very sound!

    5. You guys are being really rude to gays in the comments. (Not all of you, I presume). You need to stop it. Gays have just as much of a right to marry as straight people do. It's not fair how you guys are denying them equal rights. They're acting more human than you'll ever be. We obviously haven't matured since the bible was last updated. Hate the sin, not the sinner. You've all committed a sin at least once in your life. You've lied, you've stolen, etc. (Those are just possibilities). We should have a planet for people that support gay rights and a planet for people that don't. Then, gay people could get married without you bigots interfering with their love life. How would you feel if straights couldn't get married? How would you feel if teenagers were afraid to come out to their parents as straight? If straight people got hate everywhere they went? If straight people were afraid to go out in public, because they feared being judged? It's never going to happen at the rate society is going. You haven't seen the side of me where I act obscene. You're glad my inner demon hasn't been released. I would, but oh no, my comment would be removed because of my very strong emotions about this subject. I love gays, and love how they show their affection for each other. I just ADORE how a state is going to give same-sex couples a marriage license, then changes their mind. (I was obviously being sarcastic there). I just LOVE how society thinks gays are an abomination to our society. You're caring about marriage between two men or two women. That's a small thing. Just grow up, and let them marry. Let them live their lives. You can't make them change their sexuality. You can't make them change their lifestyle. In my opinion, gays are more than welcome to marry. Please, grow up and realize that people should be allowed to marry, even if it's same-sex marriage. You guys are saying that "the bible said gay marriage is wrong." Well, guess what else is wrong? Read Matthew:7 and you'll find out. (I am in no way breaking that. I am saying a fact). I'm stating that gays have just as much of a right to marry as straights do. (:

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