Re: Hostes; 80 different pension plans? | TigerDroppings.com
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Lsut81
USA Fan
Member since Jun 2005
65952 posts

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."


LINK


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.


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
65952 posts

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.


Zahrim
Colorado Fan
McCamey Texas
Member since Mar 2009
4652 posts

re: Re: Hostes; 80 different pension plans?
no wonder they had "management" problems...


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