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.
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