Hostess won’t be stiffing them anymore, will it?
Yes invest massive amounts of capital in a struggling enterprise as sales struggle and make sure you modernize but besure you do not headcount or reduce labor costs. When people realize that ROI dictates capital investment they might understand business.
There should have been no pay raise for management unless and until the pensions were fully funded. What Hostess did was immoral. If hourly workers are asked for givebacks, that same request should be made of management.