Hostess Makes ‘Final’ Offer to Unions
Hostess wants unions to accept reduced pension benefits and changes to work rules.
If the Teamsters and the bakers’ unions don’t accept the final offer, the company will ask a bankruptcy court to compel cost-cutting measures.
The Texas-based company makes Twinkies, Ding Dongs and Wonder. One of the company’s 36 regional bakeries is in Tulsa.
From the Associated Press:
The company said Saturday that if the unions reject the offer, it will push ahead with efforts in bankruptcy court to throw out the unions’ collective bargaining agreements.
Hostess Brands filed for Chapter 11 protection in January. This is the second time the company has filed for bankruptcy in a decade, the AP reports.
The company wants to cut annual pension contributions to $25 million from $103 million, to outsource some deliveries, and to change work rules that requiring multiple trucks, according to the AP.