The Mondelez strategy of aggressive cost cutting and shifting production to lower cost countries is paying dividends for investors while it destroys the livelihoods of long-standing employees.
Profit rose to USD 0.48 a share in first quarter earnings, an 31% increase partly as a consequence of the relentless pursuit of USD 3 billion in expense reductions including the elimination of 600 jobs at the Mondelez Chicago bakery through the transfer of production to Mexico.
The campaign [1] by IUF affiliated BCTGM to save jobs which includes a boycott call of Nabisco products manufactured in Mexico, has now received the backing of the central U.S unionĀ body, the AFL-CIO.
Meanwhile the strike [2] in March against outsourcing proposals by SIPTU and Unite members at the Coolock chocolate plant in Ireland has been settled following a membership ballot in favour of a proposal that maintained the direct employment of the 17 distribution workers whose jobs were threatened.