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Hostess Brands seeks court approval to close operations
date:Nov 20, 2012
Hostess Brands, a producer of bakery products in the US, has announced that it is seeking permission from the US Bankruptcy Court in New York to close its business and sell its assets, a move which will lead to a loss of up to 18,500 jobs.

The move comes after the company's largest unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) began a nationwide strike in November rejecting the company's contract offer with lowered wages and benefits.

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