Sunday, April 14, 2013
Property is one of more than 100 the former snack cake maker is selling months after it filed for bankruptcy.
The former Hostess-owned Drakes bakery is up for sale, NorthJersey.com reported Friday. The empty bakery is one of more than 100 properties owned by Hostess, was put up for sale this month after an auction of the property failed to attract any potential owners, the website reported. Mayor Chris Vergano told the website that he is hopeful another tenant will come and utilize the building. The property is located in an industrial zone. The bakery used to employ 320 workers but those people lost their jobs when they were laid off after Hostess filed for bankruptcy in November. The company failed to reach a contract agreement with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, causing workers to strike. McKee…
Wednesday, March 20, 2013
More than 300 workers used to be employed at the bakery.
The fate of Hostess’ former Wayne bakery remains uncertain after a bankruptcy judge approved the sale of Hostess’ cake and bread brands, Bloomberg.com reported. The sale could net the famous snake-cake maker $100 million, which it would use to pay creditors, the website reported. The transaction is mainly for the acquisition of the company’s intellectual properties. The fate of the Wayne bakery, which formerly employed about 320 workers, is unknown. Hostess still owns the bakery; it was not included in the transaction. Hostess asked a federal bankruptcy court’s permission to close down in November a week after the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union went on strike. Workers were warned they might …
Tuesday, March 5, 2013
Company would not comment on how many people lost their jobs. Layoffs are the latest to hit Wayne in recent months.
BAE Systems laid off employees from its Wayne site on Monday. Company spokeswoman Kristin Gossel confirmed the layoffs Tuesday afternoon. Gossel would not comment on the exact number of people who lost their jobs. “We are not releasing the exact number of employees who were laid off,” Gossel said. BAE announced in January that some of the 800 employees at the Totowa Road location would be laid off. The move is part of the British defense contractor’s decision to cut 300 jobs from its workforce of 11,000. Two-thirds of the layoffs took place at the company’s Nashua, NH plant. Employees are eligible for a compensation package, which includes severance pay and health benefits. The Milky Way Education Center is planning on building a new …
Monday, January 28, 2013
More jobs are leaving the township with BAE Systems announcing it will lay people off from its Wayne site.
With news that BAE Systems will lay people off at its Wayne location, that is more jobs that are leaving town. More than 300 people lost their jobs when the Hostess bakery closed down in November. Hostess filed for Chapter 11 bankruptcy in 2012. Bayer HealthCare will close down its Wayne location sometime this year. The company is consolidating its East Coast businesses to Hanover Township. Smaller businesses are not exempt from the trend. The 83-year-old Van Peenen’s Dairy closed down in September. Five supervisory positions at the Wayne Public Library were eliminated in March 2011 due to budget cuts. What can be done to keep jobs in Wayne? Tax incentives? Development? Let us know by voting in the poll and by posting in the comments below…
Monday, January 7, 2013
Iconic brands may be bought by the world's largest breadmaker and sold exclusively at Walmart.
Grupo Bimbo, the world's largest breadmaker is close to acquiring parts of Hostess' bread business, Forbes.com is reporting. Multiple companies are in talks and bidding on part of the company as part of the arduous process it must go thorugh since it declared bankruptcy and sell its assets to pay creditors. The news was first reported by the Wall Street Journal. The WSJ also reported that the Hostess could reveal as early as next week that Bimbo and Flower Foods are the top companies bidding on the company's bread brands, which includes Wonder Bread. The Hostess bakery in Wayne will close down, leaving more than 300 workers without jobs, as part of that process. The layoffs are expected to go into effect July 3. The company's cake …
Thursday, November 22, 2012
Hostess closed, shut down operations and will layoff more than 18,500 workers due its inability to settle a labor dispute.
In light of the closing of Hostess Brands, including its Wayne bakery on Demarest Drive, we here at Patch were thinking: What is your favorite Hostess, or Drakes, snack cake? The 82-year-old company will sell its popular brands, including Drakes, Dolly Madison, which make iconic products such as Twinkies and Ding Dongs, to help pay creditors. The company shut down operations after it failed to come to an agreement with the Bakery, Confectionary, Tobacco, and Grain Millers Union to resolve a labor dispute. The company filed for Chapter 11 Bankruptcy protection in May. The 320 workers at the Wayne bakery will be out of a job effective July 3 and the facility will be sold. — Have a question or news tip? Contact editor Daniel Hubbard at Daniel…
Tuesday, November 20, 2012
Company's Wayne bakery will be shut down and sold. More than 300 workers will lose their jobs.
A last-minute attempt to save the jobs of more than 18,000 Hostess employees, including more than 300 in Wayne, was held Tuesday following a mediation session with the 82-year-old company and a workers union. CNN reported Tuesday that the last-ditch mediation session between Hostess and the Bakery, Confectionary, Tobacco, and Grain Millers Union to resolve a labor dispute “was unsuccessful.” The sides met following a request from the U.S. Bankruptcy Court. The session interrupted the company’s hearing in court until 11 a.m. on Wednesday, the company announced on its website. The company had requested permission to liquidate its assets and holdings. Production remains shut down at Hostess’ 33 bakeries. The 320 workers at the Wayne bakery …
Saturday, November 17, 2012
In a light moment, Gov. Christie chides a reporter for asking a question about the Hostess bankruptcy. The maker of Twinkies and other baked goods said Friday that it will shut down operations after failing to come to terms with its Bakers Union.
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Maker of Twinkies and Wonder Bread to lay off more than 18,000 workers.
More than 300 North Jersey workers will lose their jobs due to Hostess, the maker of Twinkies, Ring Dings, and Wonder Bread, going out of business. The Texas-based company Friday asked a federal bankruptcy court’s permission to close down a week after its bakers union went on strike. The company is in the process of liquidating and is shutting down all of its factories, said Tammy Taylor, a spokeswoman for Hostess Brands Inc. said Friday afternoon. The company said it would layoff its 320 workers at its Wayne bakery and 70 at an outlet store in Carlstadt. The layoffs would take effect July 3 and the facilities will be sold. No one could be reached for comment at the Wayne bakery. Gov. Chris Christie attempted to avoid Twinkies jokes and …
MrDoughnut
2:54 pm on Monday, April 1, 2013
Next time they tell you to retrain don't believe it the state has done nothing to stem the tide of cheap labor imported on H1B visas an thats why were still unemployed. The schools keep using the unemployed for grant money to feed their for profit business of shaking the tax payers down for another meal ticket for Wall St. more ›