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Irene B. Rosenfeld

Oreo parent Mondelez sweetens deal, but union isn't biting

Oreo parent Mondelez sweetens deal, but union isn't biting

Mondelez International, the Deerfield-based global snack food company known for brands like Oreo cookies and Ritz crackers, has sweetened its offer to more than 2,000 unionized workers who have been without a contract for more than two years.

Members of the Bakery, Confectionery, Tobacco Workers & Grain Millers union would each get a $15,000 bonus if they ratify the deal by Sunday. Such a conclusion to the prolonged impasse appears unlikely, though, as union leaders said Wednesday that Mondelez’s offer amounts to a net loss for its members. The plan would shift workers from a pension fund’s defined benefit plan to a 401(k)-style plan — a prime point of contention.

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