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Union Wins! Hostess Out of Business
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<blockquote data-quote="ocnewguy" data-source="post: 1055904" data-attributes="member: 42082"><p>According to the Bureau of Labor Statistics, the mean hourly wage for the designation of “bakeries and tortilla manufacturers” was $12.57 in 2011. Hostess’ median wage was $17, they were paying 35 percent more than the national average not including the cost of health care and retirement benefits. Management's offer was a 10% cut on wages in exchange for a 25% stake in the company.</p><p></p><p>Food for thought (pun intended).</p></blockquote><p></p>
[QUOTE="ocnewguy, post: 1055904, member: 42082"] According to the Bureau of Labor Statistics, the mean hourly wage for the designation of “bakeries and tortilla manufacturers” was $12.57 in 2011. Hostess’ median wage was $17, they were paying 35 percent more than the national average not including the cost of health care and retirement benefits. Management's offer was a 10% cut on wages in exchange for a 25% stake in the company. Food for thought (pun intended). [/QUOTE]
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