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Twinkies boss: Bakers Union put 18,500 people out of a job

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CEO Greg Rayburn of Hostess Brand – the parent company of Twinkies – explained on CNBC this morning that the strike wielded by the bakers union effectively killed the company. News broke this morning that the company would be liquidated, effectively ending production of the iconic Twinkie sponge cakes. Rayburn said that he was able to get an agreement with several of their unions including...

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