Twinkie maker Hostess Brands in bankruptcy filing
NEW YORK (CNNMoney) -- Enjoy your Twinkies while you can, because Hostess Brands, the storied American manufacturer of Ho Hos and Ding Dongs cake snacks, filed for Chapter 11 bankruptcy on Wednesday.
The company, based in Irving, Texas, filed for Chapter 11 protection in U.S. Bankrutpcy Court in New York.
A spokeswoman for Hostess did not immediately return messages from CNNMoney as to whether more employees will lose their jobs, or whether the company will cease making its famous products, including CupCakes and Sno Balls.
The company has about 19,000 full-time and part-time employees, including 10,413 hourly workers and 8,436 salaried workers, according to a court filing. About 83% of the employees are union members.
"The employees have been witness to the closing or sale of several operations within the debtors' business as well as company-wide layoffs or reductions in force," the document said. "The increase pressures on the employees, together with layoffs and general concern about the welfare of the debtors, have led to a decline in employee morale."