Soon to be or newly jobless Bakery, Confectionery, Tobacco Workers and Grain Millers Union members who work(ed) at Twinkie and Ding Dong maker Hostess Baking are contemplating a bleak Christmas that not even a trip to low cost, non union WalMart can alleviate.
However the Bakery Workers’ union’s officials are quite comfortable thank you very much. Yes, it is true that Hostess had been in financial difficulties for a number of years as union president Frank Hurt stated.
Our members were aware that while the company was descending into bankruptcy and demanding deep concessions, the top ten executives of the company were rewarding themselves with lavish compensation increases, with the then CEO receiving a 300 percent increase.
But Hurt and other union officers had a lot in common with Hostess executives with whom they were negotiating as they too have had ”lavish compensation increases”; lavish enough to propel them into the rarefied top one per cent reports Union Facts, publishing the six figure union officials’ salary and benefits.