After Mediation Fails, Twinkie Manufacturer Plans Closure

Hostess says talks to save the company have failed.

That means three dozen bakeries across the country, including Tulsa's Wonder Bread factory, will likely close.

A bankruptcy judge ordered Hostess to sit down with striking union workers before giving up hope on an eleventh-hour compromise.

But those negotiations went nowhere.

Hostess will ask to shut down all its facilities in a hearing in bankruptcy court Wednesday, which would mean 160 Tulsa jobs and nearly 18,000 more across the nation would be lost.

11/19/2012 Related Story: Judge Orders Hostess To Mediate With Union