EconomyMarkets

Kellogg strike to end as workers vote in favor of new contract

© Reuters. FILE PHOTO: A sign is held up in the crowd as U.S. Senator Bernie Sanders (I-VT) speaks and expresses his support for striking Kellogg workers from the Porter Street plant at the Battle Creek Farmers Market in Battle Creek, Michigan, U.S., December 17, 20

By Praveen Paramasivam

(Reuters) – A majority of workers at Kellogg (NYSE:) Co’s breakfast cereal plants voted in favor of a new contract that offers better terms for transitional employees as well as wage increases, Daniel Osborn, president of the local union in Omaha, said on Tuesday.

The new five-year deal ends months-long stalemate between Kellogg and its factory workers in Michigan, Nebraska, Pennsylvania and Tennessee that had prompted the company to warn of permanently replacing striking workers, drawing criticism from President Joe Biden.

The union representing around 1,400 workers said last week the latest tentative deal had showed some progress on a few key issues from the previous proposal, including increases in the cost of living wages and removal of the term “legacy employee.”

A union leader had said they could return to work two days after Christmas, nearly three months from when they went on a strike.

Kellogg had said the latest deal offered its lower-tier workers, known as transitional employees, “an accelerated, defined path to legacy wages and benefits as compared to the current contract”.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button