The restructuring of the bankrupt Hostess Brands bakery business will hit a key point tomorrow as the union representing 15,000 drivers and bakery workers votes to authorize a strike.
The unions are upset that they are being asked to give up their pensions and to accept a five-year wage freeze. Hostess, maker of Wonder Bread, Twinkies, Ding Dongs and other snack food brands, is looking to cut labor costs it claims are higher than those of its rivals.
Representatives of the union hope the strike authorization, if approved by the rank and file, will move management to soften its stance on givebacks ahead of a court hearing in March that could lead to Hostess Brands winning court approval to void the current collective bargaining pact.
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