“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike”

Hostess CEO Gregory F. Rayburn on the closure and liquidation of all Hostess assets after workers struck in reaction to a decision of the bankruptcy judge in control of the bankrupt Hostess, which reduced union contracts that had bankrupted Hostess to begin with.

Unions have now achieved the ultimate stop motion of a pendulum at the end of the arc begun at owner excess between the Triangle Shirtwaist Fire, and the Homestead Strike.