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Hostess closing all plants and laying off 18,500 to avoid labor deal

Texas-based Hostess Brands, the company that makes Twinkies, Hostess Cupcakes and Wonder Bread has announced that it is laying off all of its 18,500 employees and closing all of its U.S. facilities in response to a labor strike that has paralyzed the company since last weekend. Hostess announced on Friday…