Posts tagged: Hostess Brands
So the parent company of Twinkies is warning about 250 state workers their jobs are in jeopardy unless union concessions are offered. Fourteen of those 250 work in Spokane.
Spokesman.com has a brief summary here.
Our hope here is to offer a bit more focus on what exactly the company, based in Texas, feels is needed. The company is going through Chapter 11 reorganization.
Hostess is asking a U.S. Bankruptcy judge in White Plains, New York, for permission to reject union contracts, warning that it faces liquidation if it can’t modify labor deals.
A previous AP story summarized some of the key company requests:
Hostess wants to withdraw from some multi-employer pension plans. New hires would be covered by the same 401(k)-type retirement accounts used by nonunion and management employees.