Flood Warning issued April 23 at 11:02AM EDT expiring April 24 at 2:00PM EDT in effect for: Daviess, Greene, Knox
Hostess Brands, Inc. said it may soon go out of business if the company cant emerge from bankruptcy protection, putting hundreds of Hoosiers' jobs in harm's way.Hostess operates factories in 21 Indiana cities, employing more than 850 Hoosiers, including 340 employees in Indianapolis and 250 in Columbus.Hoosiers in Columbus said besides the three factories there, a popular retail outlet store has become a fixture in the Bartholomew County community.Shopper Velma Street said she has sweet memories of the store, RTV6's Stacia Matthews reported.I remember coming in with my grandparents and picking out a cake; that used to make my day. I love coming in this place," Street said.Another shopper said the budget-friendly prices are what keep her coming back to the store."It's a great store, and in hard times, it makes it a little easier for the rest of us to make that buck go just a little bit further, the shopper said.If Hostess goes out of business this summer, Columbus, a city which prides itself on its vibrant economy, would see its first major company closure in three years.Jason Hester is the executive director of the Columbus Economic Development Board and said hes optimistic Hostess can turn things around."They're still saying they hope to emerge from bankruptcy. We're holding out some hope, Hester said. "We're still hopeful jobs will still be here when the next two months roll by, but if not, then we've got a good economy here, and we look forward to helping those people find other jobs locally."Hostess said it cites medical obligations, competition and the economy for its financial troubles.