Most jobs lost from Hostess liquidation won?t be back

While the popular Twinkies snack cakes are back in stores, many of the jobs of the people who used to make them won?t be returning, CNN Money reports.

Only about 20 to 25 percent of the 18,500 jobs that were lost when Hostess Brands shut down operations last year will be back when all the brands are up and running again. Many of the laborers who used to produce the bakery products have been replaced by new equipment and machinery.

A spokeswoman for the joint venture of Apollo Global Management and Metropoulos & Co. which bought the rights to Twinkies and several other Hostess snack brands says they plan to use just 1,800 workers to produce the full line of snacks.

The liquidation of Hostess Branks last year included a distribution center in San Antonio that employed delivery drivers who kept area grocery-store and convenience-store shelves stocked with Hostess products.

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Mike W. Thomas covers technology/telecom, military, finance, regulatory issues as well as nonprofits/education.

Source: http://feedproxy.google.com/~r/vertical_49/~3/nLPpeAyKcsw/most-jobs-lost-from-hostess.html

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