Hostess Brands Inc, the maker of Twinkies and Wonder Bread, said it will ask a bankruptcy judge for permission to liquidate after failing to obtain wage and benefit cuts from thousands of its bakery workers.
The company said a strike by members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that started last week was too much to overcome.
The case is In re: Hostess Brands Inc, U.S. Bankruptcy Court, Southern District of New York, No. 12-22052. (Reporting by Tanya Agrawal in Bangalore and Carey Gillam; Editing by Saumyadeb Chakrabarty)