Oreo Parent Mondelez Sweetens Deal, but Union Isn’t Biting

Labor News

Members of the Bakery, Confectionery, Tobacco Workers and Grain Millers union and their allies rally outside the Mondelez International shareholders meeting on Wednesday. (Greg Trotter / Chicago Tribune)

Reprinted from The Chicago Tribune by Greg Trotter on May 17, 2018.

Mondelez International, the Deerfield Illinois-based global snack food company known for brands like Oreo cookies and Ritz crackers, has sweetened its offer to more than 2,000 unionized workers who have been without a contract for more than two years.

Members of the Bakery, Confectionery, Tobacco Workers & Grain Millers union would each get a $15,000 bonus if they ratify the deal by Sunday. Such a conclusion to the prolonged impasse appears unlikely, though, as union leaders said Wednesday that Mondelez’s offer amounts to a net loss for its members. The plan would shift workers from a pension fund’s defined benefit plan to a 401(k)-style plan — a prime point of contention.

In total, seven contracts covering workers in Chicago and seven other locations expired at the end of February 2016. More than 400 Chicago-area workers would be covered by a new agreement, according to the union. …

Chicago Tribune 5/17

About Jeffrey Burman 3197 Articles
Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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