Sunday, April 15, 2012

Hostess unions

  • DALLAS -- The company that makes Twinkies, Wonder bread and Ding Dongs says its making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts. Hostess Brands Inc.
  • (Huffington Post)
  • All but 3,100 of the employees are unionized, meaning Hostess has higher pension and medical benefit costs than its competitors whose employees are not unionized.
  • (Yahoo Finance)
  • The Irving, Texas, company has asked a judge to cut its pension and healthcare commitments to workers, some of whom are Teamsters members and others who are members of a bakers union.
  • (New York Post)
  • The unions say Hostess failed to innovate and pursued failing strategies.
  • (Wall Street Journal)
  • Word of the creditors' allegations last week outraged the Teamsters union, which counts 7,500 of Hostess's 19,000-strong work force as members.
  • (Wall Street Journal)
  • Hostess Brands Inc. on Tuesday will ask a judge to let it keep a tight grip on its Chapter 11 restructuring as the maker of Twinkies and Wonder Bread prepares for a faceoff with its unions.
  • (NASDAQ)
  • If a motion to eliminate the labor agreement between unions and Hostess Brand passes before a federal judge, the Bakery Confections, Tobacco Workers and Grain Millers International Union will strike, said local representative Linda Bartley.
  • (Emporia gazette.com)
  • The way the Teamsters have reacted to Hostess, it as if the company has taken the cream out of their Twinkies.
  • (Wall Street Journal)
  • Hostess Brands wants the Teamsters and bakers unions to accept reduced pension benefits and changes in work rules to lower costs.
  • (St. Louis Post-Dispatch)

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