Teamsters Approve but Bakers Reject Hostess Concession Pact

September 14, 2012: Teamsters have narrowly accepted a concession pact put forward by Hostess, but the Bakery Union is overwhelmingly rejecting the deal, after the bakery union president called it a "piece of crap."

The IBT took no position on the contract, but presented it to the Teamster members for a vote: it passed by 2,357 to 2,049.

Meanwhile, 5,000 members in the Bakery, Confectionery, Tobacco and Grain Millers Union reportedly have rejected in at 24 of 25 local votes.

Hostess, maker of Twinkies, Wonder Bread, Ding Dongs and other baked goods, is in bankruptcy and using that process to get concessions.

The proposed contract essentially eliminates Teamster pensions; similar to the YRCW pension concession, the company says it will later re-enter Teamster plans at a 25% contribution rate. Some Teamster plans will not accept that at all, while others will impose a big pension cut.

Will the bakery union end up with a better deal, or will the whole deal go south now? It seems strange that the Teamsters International either didn't know or didn't care what they were going to do.

Click here for an article in the New York Post, "A Half Baked Plan."

Get Advice Join TDU Donate

Recent News

Costco Teamsters: Vote No!

Costco Teamsters were mailed ballots on May 20th to vote on a substandard contract offer. Teamster members and the National Negotiating Committee agree: members need to get informed, talk with other Teamsters, and Vote No on this slap in the face. 

Yellow Trims Losses: Best Quarter in Six Years

Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.

 

View More News Posts