Twinkies maker Hostess gives unions 'final' offer
DALLAS (AP) - The company that makes Twinkies, Wonder bread and Ding Dongs says it's making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts. Hostess Brands Inc. wants the Teamsters and bakers' unions to accept reduced pension benefits and changes in work rules to lower costs. It wants to outsource some delivery work. The company said Saturday th...
Before the company filed for bankruptcy protection, eight top executives got pay raises last year of up to 80 percent. This month, some agreed to take $1 a year until the company comes out of bankruptcy or Dec. 31, whichever comes first, while others gave up their pay raises.
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