>>> 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
Source: http://video.msnbc.msn.com/nightly-news/49923997/
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