While BCTGM members, Nabisco workers and scores of other union members and supporters protested the corporate greed and destructive business model of Nabisco/Mondelēz outside the company’s annual shareholder meeting on May 17 in Lincolnshire, Ill., inside the meeting Mondelēz shareholders, board members and corporate officers were repeatedly questioned about the company’s destructive business practices around the world.
BCTGM Midwest Region International Vice President Jethro Head introduced an AFL-CIO shareholder proposal that urges the company to form a labor-management committee to seek alternatives to plant closings. Head highlighted the impact of recent plant closings, explaining that “these communities are the poster child for economic insecurity that is plaguing so many American cities and towns.”
BCTGM International Secretary-Treasurer Steve Bertelli questioned Mondelēz CEO Irene Rosenfeld’s $16.7 million total compensation package that she received in 2016. He contrasted her lavish pay to the company’s low manufacturing worker wages in Salinas and asked “Shouldn’t our company’s CEO pay be reasonable relative to all company employees?”
Local 300 member Anthony Jackson, a former Nabisco/Mondelēz worker whose job was offshored from Chicago to Mexico, challenged Rosenfeld’s business plan for the company. “Rather than improve revenue growth, the company has cut costs to increase its profits” Jackson said. “Why not treat your workers fairly and improve the company’s reputation in the communities it operates?”
Speaking in favor of the shareholder proposal on behalf of the International Union of Food workers (IUF), UFCW International Vice President Mark Lauritsen said, “Mondelēz workers around the world are demoralized and worried about the future direction of the company. Mondelēz should be investing for the future rather than endlessly cutting costs.”
Check out photos of the #NabiscoShareholderShowdown rally.