Re: Hostes; 80 different pension plans? | TigerDroppings.com

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Lsut81
USA Fan
Member since Jun 2005
65387 posts
 Online 

Re: Hostes; 80 different pension plans?



Holy dog shite...

Btw, 40 of them are multiemployer plans which means those other companies are saddles with the burdens of Hostess' workers

Go Go Unions!!!


quote:

"Hostess is saddled with 372 collective bargaining agreements, 80 different health and pension benefit plans and workers’ compensation costs that last year hit $52 million–which works out to over $2700 for each of its 19,000 employees."


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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Re: Hostes; 80 different pension plans?


We(the collective member of America) will be stuck with the bill of the pensions. A decision by the USSC 18 years or so ago let corporations walk away from the cost, and put it on the fed teat.





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Interception
Providence Fan
Member since Nov 2008
11089 posts

re: Re: Hostes; 80 different pension plans?


Hostess will be a Harvard Business Case Study someday. I will read it while eating a Twinkie.





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Lsut81
USA Fan
Member since Jun 2005
65387 posts
 Online 

re: Re: Hostes; 80 different pension plans?


How does an organization even keep up with 80 different pension plans???

Their HR department must have been massive.






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Zahrim
Colorado Fan
McCamey Texas
Member since Mar 2009
4611 posts

re: Re: Hostes; 80 different pension plans?


no wonder they had "management" problems...





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