Kellogg’s Shares Slip as Cereal-Plant Workers Go on Strike
- Company defends its compensation package for union workers
- Packaged-food makers face renewed concern on meeting demand
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Kellogg Co.’s shares slipped as workers at its U.S. cereal plants went on strike, the latest move by unions to seize upon a nationwide labor shortage to press their case for higher pay and improved benefits.
The strike was called by about 1,400 workers at plants in Omaha, Nebraska; Battle Creek, Michigan; Lancaster, Pennsylvania; and Memphis, Tennessee. Those locations produce cereals including Rice Krispies, Raisin Bran, Froot Loops, Corn Flakes and Frosted Flakes.