Retail

Nabisco Workers Retire to Beat Pension Cuts

September 10, 2016 
By Steven Wishnia and Neal Tepel

Portland. OR – With parent company Mondelēz threatening to eliminate pensions, more than 100 longtime workers at Nabisco have retired early to beat the cuts.

Nabisco’s contract with the Bakery, Confectionery, Tobacco Workers and Grain Millers (BCTGM), which covered about 2,000 workers in five states, expired Feb. 29, and there have been no talks between the union and the company since April 8, when Mondelēz presented a “Revised Last, Best and Final Offer” that would have switched workers to a 401(k)-style plan. Since then, almost 100 workers have retired from Nabisco’s Chicago plant, according to Ron Baker, BCTGM international strategic campaign coordinator, and about 45 have left its Portland, Oregon plant—one-fourth of its union workforce. Some also wanted to beat the end of the “Golden 80” provision, which let workers retire with full $1,900 a month pensions if their age and years of service added up to 80. That ended Sept. 1, 180 days after the contract expired, and workers retiring later will get only $1,600. “There are skills going out the door that they can never replace,” Baker told NWlaborpress. Read more

September 9, 2016

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