In exchange for the cuts, Hostess would remain in almost all of the Teamsters’ multi-employer pension plans, the Post noted.
In an Aug. 13 posting on its web site, the Teamsters said, “We received a final offer from Hostess Brands Inc. over the weekend and are thoroughly reviewing the details. We are reaching out to local unions and coordinating with them to set up membership meetings in the coming weeks.”
Hostess has not commented on the proposed offer.
