By Melanie Hicken, Business Insider
The growing bankruptcy battle between Hostess management and its 19,000 employees could come to a head next month when a bankruptcy judge rules on the company’s request to scrap its current employee contracts.
Leadership at the International Brotherhood of Teamsters, which represents the majority of Hostess employees, have asked their membership to authorize a potential strike if the judge grants the company’s request, according to a memo sent to us by a current employee.
Hostess management have said that replacing the current employee contracts with new cheaper ones is the only way that the battered company will be able to come out of bankruptcy. But union officials are calling Hostess’s demands — which include a five-year wage freeze and scrapping employer contributions to health and pension plans — unreasonable, according to the memo.
{ 0 comments… add one now }