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Hostess Brands – the maker of popular baked goods such as Twinkies, Ding Dongs and Wonder Bread – announced it is asking a bankruptcy court for permission to shut down, blaming a strike by bakers opposed to a new contract. This weekend, we'd like you to bake your own Hostess treat. Please send us a photo of your homemade creation along with the recipe. And of course, tell us how it tastes! (If you're not the baking type, tell us about your fondest memories of the iconic snacks.) Hostess Brands - the maker of such iconic baked goods as Twinkies, Devil Dogs and Wonder Bread - announced Friday that it is asking a federal bankruptcy court for permission to close its operations, blaming a strike by bakers protesting a new contract imposed on them. The closing will result in Hostess' nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide, as well as 570 outlet stores. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union represents around 5,000 Hostess employees. Is this the end for Twinkies? Hostess Brands said Wednesday that it will go into liquidation unless bakers striking in protest against a new contract imposed in bankruptcy court return to work by the end of the day Thursday. "We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Greg Rayburn said in a statement. The liquidation would result in Hostess' nearly 18,000 workers losing their jobs. The bakers' union represents around 5,000. Twinkie-maker Hostess Brands said Monday that it could go into liquidation if its bakers continue striking in protest against a new contract imposed in bankruptcy court. The company announced Monday that it was closing bakeries in Seattle, St. Louis and Cincinnati in response to the strike, cutting 627 jobs in total. The bakers' strike, which began last week, continued Monday at around 24 of Hostess' 36 plants, and Hostess CEO Greg Rayburn said the firm could close more bakeries or even move into liquidation if workers don't return to their jobs soon. Hostess Brands filed a plan to emerge from bankruptcy which will involve cuts in employees' pay, health and pension plans. But the future of the maker of Twinkies and Wonder Bread is still in doubt. The company said it could still go out of business if the Bakery Workers union carries out a threat to strike. The iconic company's reorganization plan, filed Wednesday with the federal bankruptcy court in New York, calls for an 8% cut to employees' wages, a reduction in health benefits, and a freeze in pension plan payments for more than two years. Under the plan, the company will also not pay $2 billion it owes to many of its creditors, including vendors. Read the full story on CNN Money - "Twinkies maker has plan to emerge from bankruptcy: wage cuts" Kate Krader (@kkrader on Twitter) is Food & Wine's restaurant editor. When she tells us where to find our culinary heart's desire, we listen up. You’ve seen the omnipresent ads. Now get ready for the first Bourne movie without Jason Bourne. Remember, The Bourne Legacy is one of the last big action films of the summer. According to a recent New York Times story, "More Bitter Pills than Popcorn," the fall movies are going to tackle tough issues. Exhibit A: Quentin Tarantino’s upcoming Django Unchained is a brutal tale about a former slave who hunts white plantation owners. So we say, break out the popcorn (or your favorite popcorn alternative) now while it’s still summer and the action heroes are still on-screen in full force." Walt Disney Co. says it will set nutritional standards for the food advertisements on its networks aimed at children. CEO Robert Iger announced the new policy at an appearance with First Lady Michelle Obama in Washington. The policy will apply to Disney Channel, Disney XD, Disney Junior, Radio Disney, and Disney-owned online sites oriented to families, effective by 2015. "Parents tell us they need our support and we're listening," said Iger. "And as it turns out, doing the right thing for kids just happens to be a smart strategy for the Walt Disney Company and for its businesses - opening up new markets for us and building on our relationships with families." Kate Krader (@kkrader on Twitter) is Food & Wine's restaurant editor. When she tells us where to find our culinary heart's desire, we listen up. Who do you think set a world record for most new Facebook fans in 24 hours? No, not Charlie Sheen back when he was winning. And not The Avengers movie either, though that’s a good guess. In fact it was a potato chip. Last April, Frito-Lay’s Facebook page got over 1.5 million new "likes" in one day. That’s a lot of instantaneous fans. And maybe it’s not such a mind-blowing number if you look at the mind-blowing new flavors capturing the attention of chip fans worldwide. Recently, the New York Daily News highlighted Russia’s affection for Red Caviar potato chips (it’s especially popular in Moscow, where they love their caviar). Here are some other snack food flavors that you probably never would have dreamed of. You just have to guess what country is chowing down on them. Hint: If you’re lazy and want to answer "Japan" for all questions, you’ll be right a lot of the time. Scroll down to the bottom for the answers. The maker of Twinkies and Wonder Bread heads to court Tuesday to try to throw out its union contracts, in a battle that leaves the iconic baker's future very much in doubt. Hostess Brands, which makes Ding Dongs and a variety of other sweet treats, is asking the bankruptcy court in White Plains, N.Y. to tear up labor agreements, which would, among other things, allow Hostess to change how it funds union pensions. The hearing is expected to last two days. The International Brotherhood of Teamsters and the Bakery, Confectionery, Tobacco Workers, together represent more than three-quarters of the 18,500 workers at the company. Everything is bigger in Texas and the Rangers' new Champion Dog is no exception. The two foot hot dog with one pound of meat is the latest addition to the Sportservice menu at Rangers Ballpark. The whopping wiener is topped with chili, sautéed onions and shredded cheese. It may be a bit pricey at $26 but at two feet, you could feed the whole family. Heck you could feed an entire ball team. The concessionaires are planning on the Champion Dog being a big hit with fans. So if you are planning to pick up a dog at the ball park, make sure to bring your wallet and maybe a fork...lift that is. Previously - A magnum of Syrah for that massive frank? and Peanut-controlled seating a home run for allergy sufferers |
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