Twinkies maker Hostess has given striking workers an ultimatum.
“If sufficient employees do not return to work by 5 p.m. (today) to restore normal operations, we will be forced to immediately move to liquidate the entire company, which will result in the loss of nearly 18,000 jobs,” Gregory F. Rayburn, Hostess chairman and chief executive officer, said Wednesday in a press release.
The company said it lacks the financial resources to survive an ongoing national strike.
If enough workers do not return, Hostess said it would file paperwork with the bankruptcy court on Friday to initiate the liquidation and that the closing of plants could begin as early as Tuesday.
Just remember this is all caused by bad management.