Teamsters Ratify New 5-Year Contract With Mondelēz, Securing 24% Average Wage Increase And $1,500 Ratification Bonus
Portfolio Pulse from Benzinga Newsdesk
The Teamsters union has ratified a new 5-year contract with Mondelēz International, which includes a 24% average wage increase and a $1,500 ratification bonus for workers.
August 26, 2024 | 8:13 pm
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Mondelēz International has reached a new 5-year contract with the Teamsters union, resulting in a 24% average wage increase and a $1,500 ratification bonus for workers.
The ratification of the new contract with significant wage increases and bonuses could stabilize labor relations, potentially avoiding disruptions. However, the increased labor costs might impact profit margins, balancing the short-term stock impact.
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