Hostess Makes Final Offer, With Wage Cuts, To Teamsters

Law360, New York (August 20, 2012, 6:21 PM EDT) -- Hostess Brands Inc. on Monday announced a breakthrough deal with its largest union, which will put to its members a vote on a new collective bargaining agreement that would help the Twinkie maker lower its operating costs through labor concessions.

In a letter to employees, Hostess President and CEO Gregory F. Rayburn touted the agreement with the International Brotherhood of Teamsters, the result of months of negotiations, and said the IBT agreed to let its members vote on the company's final offer, which is supported by...
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