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NCL statement on Hostess executive bonuses

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November 30, 2012
Contact: NCL Communications, Carol McKay, (412) 945-3242, This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Washington, DC--Sally Greenberg, Executive Director of the National Consumers League, issued the following statement today regarding the announcement that Hostess management would be taking bonuses after laying off 18,000+ workers:

"The National Consumers League is stunned to learn that Hostess executives are awarding themselves bonuses totaling $1.8 million in the wake of management’s decision to close down the beloved and iconic Hostess brand of products and lay off 18,000+ workers.

This company has been notoriously mismanaged for years, yet management has scapegoated Hostess employees instead of taking responsibility for their own incompetence. Their behavior boggles the mind.

We at NCL are not alone in our outrage. We call upon the judge who authorized the bonuses to reconsider this disgraceful decision."

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About the National Consumers League

The National Consumers League, founded in 1899, is America's pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad. For more information, visit http://www.nclnet.org.