Twinkie maker says unions have to shed benefits to keep company intact
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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.