New Five-Year Agreement Reached
We are pleased to announce that employees have ratified the tentative agreement for a master contract at our four U.S. cereal plants. The contract covers approximately 1,400 union-represented employees, all of whom are welcome back to work.
The new, five-year contract furthers our employees’ leading wages and benefits, with immediate, across the board wage increases and enhanced benefits for all. It also provides an accelerated, defined path to legacy wages and benefits for transitional employees, among other items.
“We are pleased that we have reached an agreement that brings our cereal employees back to work,” said Steve Cahillane, Chairman and CEO. “We look forward to their return and continuing to produce our beloved cereal brands for our customers and consumers.”
See additional details of the deal here.