Retail

Nabisco Proposes Ending Bakers’ Pensions

March 9, 2016
By Steven Wishnia and Neal Tepel

Portland, Oregon – With their contract with Nabisco expiring Feb. 29, the Bakery Confectionery Tobacco and Grain Millers (BCTGM) union refused a request for a temporary extension from Mondelēz International, which owns Nabisco.

The decision means that the about 2,200 union workers at six Nabisco plants and two distribution centers in the U.S. could strike at any time, or the company could lock them out.  Mondelēz has proposed withdrawing from the union’s multiemployer pension fund and contributing the money to a 401(k)-style retirement savings plan. BCTGM negotiator Ron Baker said that doesn’t make sense: If Mondelēz pulls out, it would still have to give the plan the same amount of money just to cover its existing obligations. The company made what it called its final offer Feb. 25, proposing that workers should start paying 10% of their health-insurance premiums. Read more

March 8, 2016

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