date:Aug 16, 2012
The Post, citing unnamed sources, said the proposal includes a 5% wage cut in the first year for all Hostess workers, as well as cuts to health care benefits and lower pension contributions. The offer also supposedly includes a provision that would allow Hostess to sell some of its smaller brands, including Merita Bread, with part of the proceeds going to the company and part to pay back creditors, the Post said.
In exchange for the cuts, Hostess would remain in almost all of the Teamsters multi