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Hostess Brands Seeks to Cut Retiree Benefits by $1.1 Million
Bloomberg Link to more items from this source
Nov. 30, 2012
"Hostess Brands Inc.... told a bankruptcy court that it must cut $1.1 million a month in retiree benefits as part of its liquidation plan. [A] Bankruptcy Judge ... approved formation of a committee of retired employees to defend their rights in connection with the intended cuts. [The judge] is also being asked to consider Hostess's request to close and its bid to pay as much as $1.75 million in incentive bonuses to 19 senior managers during the company's wind-down."

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