Hostess Brands, the maker of Twinkies and Wonder Bread, announced on Nov. 16 that it was going to go out of business and would lay off more than 18,000 employees. The decision was triggered by a week-long union strike that the company said hurt its business. On Nov. 21, Hostess received approval from a bankruptcy judge to begin winding down its business after last-minute attempts to end the strike failed.
Nov. 13, 2012 Striking worker and chief steward Kravis Pfeiffer from the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union holds signs. Pfeiffer represents a Hostess Production Bakery in Peoria, Ill. Hostess criticized the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union for holding out in a labor dispute. The union, in turn, blamed the company for "management failure." Fred Zwicky/AP Buy Photo