Hostess to pay bonuses in Twinkies as well as cash

Hostess Brands is the latest company to offer bonuses thanks to the new tax plan. But it's the first...

Posted: Feb. 1, 2018 5:55 PM
Updated: Feb. 2, 2018 8:44 AM

Hostess Brands is the latest company to offer bonuses thanks to the new tax plan. But it's the first to throw in Twinkies and Ding Dongs on top of the cash.

Scroll for more content...

Hostess Brands said it would provide $1,250 bonuses to 1,036 hourly employees "following the recently enacted tax legislation."

The company said the bonuses would be $750 in cash and $500 in 401(k) contributions. It added that it would "further sweeten the benefit" by giving all of its 1,300 employees a year's worth of free baked products.

Each week for a year Hostess said will select a "product of the week" and provide a multi-pack to every employee.

Related: The whole story behind the 3 million workers who got tax cut bonuses

Many companies, including American Airlines, Disney and AT&T, have given bonuses to employees citing the new tax plan, which lowers the tax rate for corporations. But the bonuses represent a fraction of how much money the companies are actually saving.

Hostess Brands, based in Kansas City, Missouri, is a century-old company that makes famous snacks like Twinkies, CupCakes and Ding Dongs.

Article Comments

West Lafayette
Broken Clouds
72° wxIcon
Hi: 76° Lo: 61°
Feels Like: 72°
Kokomo
Broken Clouds
72° wxIcon
Hi: 78° Lo: 59°
Feels Like: 72°
Rensselaer
Overcast
55° wxIcon
Hi: 70° Lo: 58°
Feels Like: 55°
Fowler
Overcast
55° wxIcon
Hi: 71° Lo: 60°
Feels Like: 55°
Williamsport
Clear
72° wxIcon
Hi: 76° Lo: 61°
Feels Like: 72°
Crawfordsville
Clear
78° wxIcon
Hi: 79° Lo: 64°
Feels Like: 80°
Frankfort
Scattered Clouds
78° wxIcon
Hi: 79° Lo: 62°
Feels Like: 81°
Delphi
Overcast
64° wxIcon
Hi: 75° Lo: 60°
Feels Like: 64°
Monticello
Overcast
64° wxIcon
Hi: 73° Lo: 59°
Feels Like: 64°
Logansport
Overcast
70° wxIcon
Hi: 73° Lo: 57°
Feels Like: 70°
Chances for Weekend Showers and T-Storms.
WLFI Radar
WLFI Temps
WLFI Planner

Community Events