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Employees of a Hostess Brands bakery in Elysian Valley plant maybe out of a job after the maker of Twinkies and Wonderbread announced plans to go out of business today after striking workers did not return to their jobs. One worker picketing outside the Elysian Valley bakery on Ripple Street told NBC:
“This is heartbreaking,” Cynthia Prater, who was two years away from retiring … “There’s a lot of single parents out here. How are they going to take care of their kids without this?”
NBC said about 100 people work at the Hostess plant. The company, which has filed twice for bankruptcy in the past decade, said it could not afford a nationwide strike as it explained why it will layoff 18,500 workers and cease operations, according to Money & Co. Union officials said the company was asking workers to take deep pay cuts while hiking executive compensation.