Tasty Baking Company
Tasty Baking Co., the maker of Tastykakes and other packaged sweets, will cut 32 jobs at its former corporate headquarters in Philadelphia, a move decided upon after it was acquired by Flower Foods Inc. this year, Tasty said Friday.
Mayor Michael Nutter says the broad outlines of the Tastykake deal look good to him.
Groundbreaking ceremonies were held Friday morning in the city’s “Hunting Park West” neighborhood for a new development that includes a much-needed supermarket.
Tastykake faces a financial expiration date today, as a loan payment that’s already late comes due.
A long-time Philadelphia company announced Wednesday that unexpected production problems at it’s new South Philadelphia bakery have resulted in financial woes.