Stock Groups

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

[ad_1]

© Reuters. FILE PHOTO – A sign in the crowd is identified as U.S. Senator Bernie Sanders (I-VT), speaks out and supports striking Kellogg workers at the Porter Street Plant at Battle Creek Farmers Market, Battle Creek, Michigan. U.S.A, December 17, 20, 20

Praveen Paramasivam

(Reuters) – A majority of Kellogg’s (NYSE:) Co workers voted for a contract with better terms and wage increases. This was according to Daniel Osborn (president of the Omaha local union).

This new deal, which covers five years, ends the months-long standoff between Kellogg’s and its workers in Michigan and Pennsylvania. It also resolves the dispute that led to Kellogg warning of permanent replacement for striking workers. President Joe Biden was critical.

Last week, the union representing 1,400 workers indicated that progress had been made on several key issues in relation to the last tentative deal. These included increases in living wage and elimination of “legacy employees.”

One union leader stated that workers could go back to work in two days following Christmas. That’s almost three months since they were on strike.

Kellogg stated that the new deal offers its transitional workers (lower-tier employees) “an accelerated and defined path to legacy wage benefits and wages as opposed to the current contract”.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]