Tagged: jobs

And I forgot to mention Devil Dogs, Donettes, and Sno Balls.

Hostess Brands announced this morning that they're going out of business and laying off around 18,500 employees.

Hostess higher-ups said a strike by bakery workers was a big part of the decision for the shutdown, and that they don’t have the “financial resources to weather an extended nationwide strike.”

Union leaders called the announced shutdown a Bain-style decision – “a microcosm of what’s wrong with America.”

In the meantime, Ho-Ho production is winding down. From the NYTimes:

The last batches rolled off Hostess production lines early Friday morning, according to Tom Becker, a company spokesman, and no new products will be made for the time being.

The Times points out that Twinkies might not be a thing of the past, as Hostess Brands will likely be auctioned off to others.

Michigan college graduates are entering a sluggish job market.

Michigan State University’s annual Recruiting Trends report finds employers are not confident about the nation’s economic direction in 2013.    Many are worried about problems with Europe’s economy.   There’s also concern about the nation's deeply divided political leadership.   That's all putting a damper on employers’ hiring plans.

Phil Gardner is the director of MSU’s College Employment Research Institute.