Free Twinkies for a Year? Hostess Sweetens Workers' Tax Reform Bonus
Hostess employees will not only receive a $1,250 bonus, but also a year’s supply of Hostess products.
Now Twinkie-maker Hostess twnk is joining their ranks—but they’ve sweetened the deal.
Hostess employees will not only receive a $1,250 bonus, but also a year’s supply of Hostess products. The bonus, to be paid to its 1,036 hourly employees, will be paid out in $750 cash and $500 toward 401(k) contributions. The free treats, meanwhile, will vary, with Hostess selecting a “product of the week” that it will give to each employee in a multi-pack.
Hostess CEO Daren Metropoulos explained that “the recent tax-reform changes have given us the opportunity to review our benefit and compensation structure. The company’s management and board take great pleasure in sharing the company’s success with our employees.”
UPS ups and Lowe’s low similarly announced changes to compensation schemes for their employees on Thursday. UPS plans to increase pension funding through $12 billion in investments, while Lowe’s will pay out one-time $1,000 cash bonuses to employees and expand benefit packages.
This Story Originally Appeared On Fortune