Jansing and Co   |  November 19, 2012

Hope for Hostess workers, Twinkies?

CNBC's Mandy Drury reports on the Hostess shutdown plan and the union hope a new buyer will come in and save the famous snack brand and more than 18,000 jobs.

Share This:

This content comes from Closed Captioning that was broadcast along with this program.

>>> a cameo on "saturday night live" and he is talking twinkies. that is coming up.

>>> and hostess workers and we are talking about ho-hos and wonder bread and mandy drury is here to talk about it again, mandy . hostess is back in bankruptcy court this morning and hoping for a buyer.

>> they are hoping for a new buyer to come in to save the 18,000 jobs that we talked about friday that could be lost, richard. this is an 82-year-old company and they want to do what they can to salvage it, and yesterday the ceo said that already a few buyers have surfaced since friday expressing interest in the brand. you have names like conagra and flour foods who have expressed interest in hostess and also mexican company who have reports that say they could be a buyer and they are the largest bread-baking company in the world, and richard, part of the reason that hostess was struggling is because of high sugar tariffs meant to protect local producers so the mexican company could take advantage of the lower sugar prices, and that would be good for the company, obviously.

>> so many people hoping that a new buyer does come around, and by the way, your discussion and coverage of the store i are made the big time . jay leno used it in the monologue and i want to show it to you.

>> hostess, the company that makes ding dongs and twinkies filing for bankruptcy and going to shut down the company. one customer vowed to take action and he was upset and here you go.

>> this is the death knell for twinkies and hostess is closing the doors. mandy drury is here.

>> yes, it is really sad. hostess asked the courts for permission to shutdown the company. needless to say, the hostess companies did not take it well.

>> i won't get into speculating as to why it happened. we will do a full scale investigation into that.

>> very, very upset.

>> and jay could not resist there, and you have to have an interesting ability there that you can do two accents.

>> that is weird, because i saw it for the first time. i thought, that is not me, it is some american people .

>> yes, they have to fix up that piece of sound from the governor. mandy , thank