Hostess — the owner of Twinkies, Ho Ho’s, Ding Dong’s, Drake’s coffee cakes and dozens of other iconic brands of prepackaged baked goods — is being forced to liquidate, because members of one of its labor unions refused to end their strike and come back to work. So now, most of the company’s 18,500 workers will be looking for a job as Hostess liquidates its assets.

In a statement, Hostess explained: