Tag Archives: pension

Posted 5 years ago in Bankruptcy Labor and Employment by Josh Crank  
Laid-Off Hostess Workers Still Fighting for Pensions

When Hostess Brands Inc. announced it was going out of business, Twinkie lovers panicked, clearing out grocery shelves and forking over nearly $60 for a single box on eBay. But Hostess’ 18,500 workers faced bigger problems: a sluggish economy, high unemployment and a pension system that’s $55 million in the red. Pensions were at the center of contentious labor negotiations that broke down when the Bakery, Confectionary, Tobacco and Grain Millers Union (BCTGM) went on strike. After Hostess violated union …

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