posted on November 16, 2012 13:09
Hostess Brands announced this morning that it's winding down operations and has filed a motion with the U.S. Bankruptcy Court seeking permission to shut its doors and sell its assets. Hostess had threatened to liquidate the entire company if enough striking workers didn't return to work. Workers walked out last week over contract changes which cut wages and benefits up to 32 percent. Bakery operations have been suspended at all plants.
Online auctioneers are looking to capitalize on the closure of Hostess operations. Some users on eBay are hoping for high dollars for the golden goodness of their Twinkies. One unopened box of ten starts out at $200,000, while another is set at $10,000. Some are setting more realistic prices, with auction starting with a bargain $20 price tag. Others are offering similar Hostess products or a collection involving Twinkies, Chocodiles and Ding Dongs. Collectibles such as lunch boxes and stuffed toys are also showing up on the site.