Monthly Archives: December 2012

Hostess Diversion of Pension Money Caused Strike, Death of Company

The demise of the Hostess company, leaving Twinkies’ future in doubt, was widely blamed on the bakers’ union’s strike.  The real story is more complicated. The bakers union agreed that their 2010 wage increase of 30 cents per hour would be almost completely devoted to pension contributions.  So they took a two cent raise, and the...
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