The maker of Twinkies, Ding Dongs and Ho Hos said the incentive pay is needed to retain the 19 corporate officers and “high-level managers” during the liquidation process, which could take about a year.
A bankruptcy court judge is approving a request by Hostess Brands Inc. to begin winding down its operations.
It has been Twinkie-mania ever since Hostess announced it was going out of business, threatening a future without that beloved snack.
Hostess, the maker of Twinkies and Wonder Bread, is going out of business, closing plants, laying off its 18,500 workers and putting its brands up for sale.
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