BATTLE CREEK, MICH. — The Kellogg Co. on Dec. 21 introduced its workers have ratified a tentative agreement for a grasp contract at 4 US cereal crops, ending a strike that started Oct. 5. The five-year contract covers about 1,400 representatives of the Bakery, Confectionery, Tobacco Workers and Grain Millers (BCTGM) International Union. Employees will return to work Dec. 27 on the crops in Battle Creek; Omaha, Neb.; Lancaster, Pa.; and Memphis, Tenn.
“We are pleased that we have reached an agreement that brings our cereal employees back to work,” stated Steve Cahillane, chairman and chief government officer of Battle Creek-based Kellogg. “We look forward to their return and continuing to produce our beloved cereal brands for our customers and consumers.”
Union members on Dec. 7 rejected an preliminary tentative agreement between Kellogg and the BCTGM, at which level Kellogg stated it will start hiring alternative employees for the putting union members.
Kellogg on Dec. 16 reached a second tentative agreement with the union It included wage will increase and cost-of-living changes beginning the primary yr of the contract; an outlined path for workers to transfer from “transitional” to “legacy;” expanded well being care advantages; elevated pension advantages; and no concessions from the union, in accordance to Kellogg.
Highlights of the agreement, in accordance to the BCTGM, had been no everlasting two-tier system, a transparent path to common full-time employment, no plant shutdowns by October 2026, a rise within the pension multiplier and upkeep of cost-of-living raises.
“Our striking members at Kellogg’s ready-to-eat cereal production facilities courageously stood their ground and sacrificed so much in order to achieve a fair contract,” stated Anthony Shelton, president of the BCTGM. “This agreement makes gains and does not include any concessions.”
Kellogg’s inventory value on the New York Stock Exchange was buying and selling at $62.81 per share early within the afternoon on Dec. 21 after closing at $64.37 on Dec. 20. The value closed at $64.02 per share on Oct. 5.