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Kraft/Mondelez Workers News
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| 10 million dollar bonus for Mondelez (ex-Kraft) CEO after less than 3 months on the job! | 23/01/2013 - 12:36 |
Mondelez CEO Irene Rosenfeld has been granted a USD 10 million 'special equity award' of stock in the new company, less than three months after Mondelez was ripped out of the former Kraft Foods Inc. |
| A hint of the future in Kraft top management appointments? | 09/12/2011 - 15:23 |
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| AMWU members in Australia demand that Mondelez respects human rights | 22/07/2013 - 12:35 |
AMWU members employed by Mondelez at the company facilities at Ringwood and Scoresby in Victoria, Australia, were shocked to hear a report from their union about company actions in Egypt, Tunisia and Pakistan. |
| An EWC meeting - with a difference! | 31/10/2011 - 15:05 |
European Works Council meetings are normally placid affairs, an opportunity for corporate management to present delegates with carefully sifted information which allows them to claim workers have been "consulted". |
| Another delicious moment of investor joy - Mondelez increases dividend, share buybacks | 12/12/2013 - 16:02 |
On December 10, Mondelez announced a 7.7 percent increase in the dividend paid to shareholders. This announcement followed the December 3 announcement that it would be increasing the amount spent on share buybacks from USD 6 billion to USD 7.7 billion for an increase of 28.3 percent.The meaning of the dividend increase plus the additional USD 1.7 billion devoted to buybacks, known as the "accelerated share repurchase", is spelled out in the December 10 company release:Upon completion of the ASR, which is expected no later than the second quarter 2014, Mondelez International will have returned at least $4 billion to shareholders in the form of dividends and share repurchases since its launch as a new company in October 2012. |
| Anti-union aggression continues at Kraft Tunisia | 26/09/2012 - 21:42 |
Management at the Saida biscuit factory in Tunisia continues its anti-union aggression as their response to a deadlock in collective bargaining negotiations. |
| Are commodity prices to blame for restructuring and layoffs at Kraft? | 25/03/2011 - 12:46 |
Or is Kraft - with additional leverage over suppliers since it swallowed Cadbury - simply racing to complete the massive cost savings it promised investors would be achieved by 2012 through the Cadbury deal? |
| Behind the belVita recall: union-busting and agency work | 27/02/2013 - 14:26 |
On February 21, 2013, Mondelez issued a voluntary recall of two varieties of its belVita breakfast biscuits in the United States and Puerto Rico due to the potential presence of wire mesh in the product. Days earlier, CEO Rosenfeld told analysts that belVita is one of the products she is most excited about, with new flavours in the pipeline. |
| Cadbury 5 gain support in Switzerland | 29/11/2013 - 14:56 |
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| Cadbury/Mondelez Egypt union leaders speak out - watch the live interviews! | 13/05/2013 - 12:38 |
Two of the five sacked union leaders from the Mondelez factory in Alexandria who were hosted by Unite to twin their union with UK Cadbury unions May 2-3 can now be heard in live interviews made during their visit. They speak out on working conditions in Alexandria and their degradation under Mondelez, management abuses, their struggle for an independent union and the importance of international solidarity in winning rights for all Mondelez workers. |
John Cahill has been named to oversee the financial mechanics of the splitting of Kraft into two separate companies (global snacks and North American grocery) by the end of 2012. Cahill oversaw the separation and hugely profitable resale of PepsiCo's leading bottler back to Pepsi before moving on to slash-and-burn private equity investors Ripplewood Assoicates. His 'surprise' appointment may tell us a great deal about what's coming.
Three of the five trade union leaders abusively dismissed by Mondelez in Egypt were in Switzerland during the week of 18 November for a series of solidarity events.
