USA: Hershey shares drop as union rejects new contract in favour of strike action
Shares in US chocolate producer Hershey Foods dropped off by 4% one day after employees voted to reject a new contract deal offered by management in favour of strike action. Some 3,000 staff at Hershey facilities in Pennsylvania, accounting for a fifth of the workforce, have been offered a new contract after a four-year contract expired in November. It is believed the conflicted clauses concern wages and healthcare costs for current and retired workers.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- ABF on Brexit, M&A and grocery - interview
- Nestle unveils process to cut sugar by 40%
- Unilever focuses on "value" of spreads arm
- Japan's Nagatanien buys Chaucer Food Group
- Unilever sets new margin target with help from ZBB
- B&G acquires pasta sauce group Victoria Fine Foods