Hostess joins Starbucks, Disney, Home Depot, JP Morgan Chase, Southwest Airlines AT&T and 200 other companies giving bonuses out, sometimes called crumbs by Democrats, following the passage of the Republican tax overhaul.
Hostess will give a cool $750 in cash and then contribute $500 to employee's 401K
Hostess Brands Inc. announced it will give workers one-time bonuses of $1,250 and one year of free snacks as a result of the new GOP tax legislation.
The company produces bakery snack cakes such as Twinkies, Ho Hos, Zingers and Sno Balls. Each week this year, a representative from one of the company's bakeries will choose a different product, which employees will take home in multi-packs, according to Bloomberg.
Workers will receive the monetary bonus in the form of $750 in cash and a $500 contribution to their 401k.
Hostess Executive Chairman C. Dean Metropolous told Bloomberg in a statement that the changes to the tax plan have allowed the company to alter its benefits structure.
"The company's management and board take great pleasure in sharing the company's success with our employees," he said.
Hostess is the latest in a string of companies who have said they will use the large corporate tax cut in the new GOP tax law to invest in their workers.