Hostess Brands announced yesterday that they will return from bankruptcy and
resume production by summer. The company shut down last year during a union strike that
became emblematic of corporate greed.
“We expect to be making and selling in July,” Michael Cramer, executive vice president of Hostess Brands LLC, told NBC News. “Probably the later half of the month before the product hits the stores.” The old Hostess company was dismantled and its assets sold off. Two hedge funds, Apollo Global & Metropoulos & Co., bought the best-known of the company’s snack brands and launched a new company, Hostess Brands LLC.
The new company will
not be unionized. How utterly unshocking.
Labels: business, food, labor, unions
