Hostess is a 85-year old brand with lots of advantages that other big companies don’t have. It is going out of business because it has failed to give its workers higher wages. They are firing about 19,000 employees, and it will result in even the most simple pantry staples disappearing. It will make kids’ snacks disappear, and most kids rely on these snacks for bedtime, lunches, and of course, snacks. It is closing because they do not have enough profit to give all of their employees a decent wage, and make snacks at the same time.
This is important to me because there are roughly 308,745,538 people in the United States, so many very unfortunate people have lost their jobs. Although there is still a lot of people left who have a job, most of the population is at a loss of jobs.
Information:
http://www.hostessbrands.com/Closed.aspx
http://money.cnn.com/2012/11/16/news/companies/hostess-closing/index.html
http://www.nbcnews.com/business/hostess-maker-twinkies-ding-dongs-says-closing-business-1C7112898
http://online.wsj.com/article/SB10001424127887324556304578122632560842670.html
http://www.forbes.com/sites/danielfisher/2012/11/21/hostess-closing-doesnt-spell-end-for-bakers-union/
