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There has been a mad-dash run on junk food staples Twinkies and Ho Hos after the Hostess manufacturing company announced it was closing shop after more than 82 years in business, leaving a terrible economic impact in its wake.
A small union's stubbornness during contract negotiations is receiving the lion's share of blame for the closing, which will put more than 18,000 Americans out of work just before the holiday season as well as the loss of all-important tax revenue from local factories and outlets that sell Hostess products. The company filed for Chapter 11 bankruptcy protection in January of this year.
After the closing was announced yesterday, fans of the company's baked goods headed out in droves to their local outlets, loading down on boxes of the tasty treats before they disappear from store shelves forever. Some of the company's outlet stores in the North East US sold out of their complete stock in a matter of hours, with panicked buyers snapping up boxes in a feeding frenzy.
Boxes of Twinkies and Ding Dongs were being listed at online auction site eBay for hundreds of dollars each. White bread staple Wonder Bread also flew off the shelves. "I guess I'll have to keep a hundred loaves of Wonder Bread in my freezer," said one harried consumer, her shopping cart piled high with bread.
More bad news for news-weary Americans as another staple that has been a part of all of our lives for so long fades to black...