Hostess Offers Best Tax Reform Bonus Yet — If You Like Twinkies
Hostess Brands, Inc., the maker of Twinkies, Ho Hos, Ding Dongs, Donettes and other popular pastry brands, will give employees a bonus and a year of free snacks, the company announced Wednesday.
The company will give its employees one-time bonuses of $1,250, including $750 in cash and a $500 contribution to 401(k) accounts thanks to tax reform changes, Bloomberg News reports.
Hostess will also provide a year of free snacks to its employees, but won’t allow them to eat unlimited amounts of the 150-calorie Twinkie snack cakes. The company will put together a “multipack” of snacks from each of Hostess’s bakeries, and employees will be able to claim the selection of snacks each week.
The company filed for bankruptcy in 2012, but was able to bounce back in recent years and has expanded, picking up new brands in part due to the favorable tax reform package.
“The recent tax reform changes have given us the opportunity to review our benefit and compensation structure,” Hostess executive chairman C. Dean Metropoulos said in a statement. “The company’s management and board take great pleasure in sharing the company’s success with our employees.”
More than 300 companies have announced bonuses as a result of the new tax law President Donald Trump signed in December, giving at least 3 million Americans some kind of bonus as a result, according to Americans for Tax Reform.
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