Mondelez International facilities in nine markets are set to face union action next week, officials at the International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers’ Associations have announced.
Sites in the US, the UK and Australia will be among those to see “work stoppages” and demonstrations, the IUF said.
The union said the “week of global trade union action” would be a signal of workers’ “commitment to defending quality permanent employment against the destructive short-termism which is driving management at Mondelez”.
Sites in four more European markets – Austria, Belgium, France and Norway – plus South Korea and Pakistan will also see action. Staff at three Mondelez sites in Belgium will go on strike on Monday.
The IUF claimed Mondelez had “mortgaged its future” since the Cadbury and Oreo owner was created in 2012.
See Also:
“The company relies on unsustainable levels of borrowing to fund share buybacks and dividends at the expense of investment in manufacturing, innovation and the workforce. The need for periodic cash infusions to fund short-term business costs is driving a destructive cycle of permanent restructuring and the sell-off of profitable brands and product sectors. Mondelez workers are caught in an endless cycle of closures, layoffs and outsourcing with no relief – and no growth prospects – in sight,” the union asserted.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMondelez had not returned requests for comment at the time of writing.