Nightly News   |  November 21, 2012

Hostess cuts 15,000 jobs

The maker of Twinkies and Wonder Bread will wind down in three months, closing 33 plants and more than 500 bakeries. CNBC’s Kayla Tauche reports.

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>>> here at home there is nothing happy for 15,000 employees of hostess, a judge approving the liquidating plan, and they were fired immediately. more from the federal courthouse in white plains , new york.

>> reporter: kate, hostess brands will begin to close its doors for good, cutting 15,000 jobs today after a plan to shut down was approved by a new york bankruptcy judge. the maker of twinkies and wonder bread founded in 1930 , will wind down in just three months, closing bakeries and eliminates 90% of its work force . now hope remains that certain businesses of hostess will be sold. the company said that 2 dozen buyers have emerged for plans to have a plant. the ceo said that they will sell everything but the kitchen sink , including extra inventory such as flour and chocolate, including the three thousand jobs that remain. after a long battle with the union, the hostess stores failed to reach a deal over wages with the unionized bakers, forcing a culture once worth over