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Multiemployer Pension Plan
6 Months Ended
Jun. 30, 2013
Multiemployer Plans [Abstract]  
Multiemployer Pension Plan
Multiemployer Pension Plan
As further described in the Form 10-K, the unionized employees at The New Bakery Co. of Ohio, Inc. (the “Bakery”), a 100% owned subsidiary of Wendy’s, are covered by the Bakery and Confectionery Union and Industry International Pension Fund (the “Union Pension Fund”), a multiemployer pension plan with a plan year end of December 31 that provides defined benefits to certain employees covered by a collective bargaining agreement (the “CBA”) which expired on March 31, 2013. The completion of the current negotiations for a new CBA will determine our future pension costs.
There have been no changes to the critical status of the Union Pension Fund as further described in the Form 10-K.