- Mondelez International (MDLZ +0.4%) union workers agree to a new four-year contract, concluding a five-week long strike at Nabisco, the Mondelez-owned brand that makes snack foods including Oreos and Ritz.
- The deal, which sources report raised annual wages and 401(k) matching, did not change workers' health benefits, and gave workers a $5,000 bonus, was reached between the union and Mondelez Tuesday and voted on Thursday and Friday.
- The strike began Aug 10 in Portland, Oregon and spread to three of the company's four U.S. bakeries over the following weeks. Workers should return to their jobs in the next couple of days, said local union leaders.
- Read why Seeking Alpha contributor Leo Nelissen believes that Mondelez is one of the best stable stocks to invest in for long-term dividend growth.
Mondelez workers end strike, agree to four-year contract
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