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Hostess Brands Inc, owner of Wonderbread, notified all 18,500 of their employees across the United States that they could be losing their jobs due to layoffs, including the office in St. Louis. The Texas based brand is one of the largest providers of baked goods and beloved sweets like Twinkies. The company filed for Chapter 11 bankruptcy protection in January 2012.
“The notices were sent to alert employees that a sale or wind down of the company is possible in the future,” spokesman Erik Halvorson said in a statement. “Our goal is still to emerge from bankruptcy as a growing company. There are no immediate actions being taken to sell or wind down the company.”
Hostess is currently trying to come to an agreement with it’s workers and worker’s unions to lower the cost of labor and allow for the brand to not have to lay off people. That agreement would still have to be approved by the U.S. Bankruptcy Court.
Because most people are living from paycheck to paycheck as it is, experiencing a layoff can be very hard to prepare for. Losing your job can be very hard on you and your family, especially with the unpredictable economy. Many of these workers will see the effects of debt take over their lives quicker than expected when these layoffs take place.
Make an action plan if you are expecting a layoff. Be proactive by doing some research and looking at all of your options if you are already living paycheck to paycheck. You may not even need a lawyer if you focus on this quickly. If you are looking into filing bankruptcy, you are taking a proactive action to get you and your family back on track.
We offer free information you can’t get anywhere else. Before you talk to any Missouri bankruptcy attorney, sign any forms or speak with a bill collector, you need to read my book “Get Out of Debt: Secrets Your Creditors Don’t Want You to Know.” It’s FREE for you, you can download it right now and we will place a hard copy in the mail. If you have already experienced a layoff, we are here to help as well. I wish you luck as you work through this job market in search of relief. To receive my free Hostess layoff report, just fill out your contact information below.
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