Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply 
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme 
US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus 
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts 
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts 
Google to Move All Pixel Production Out of China by 2027 
Ferrari Luce EV Sells for Record $40 Million at Charity Auction 
Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears 
Foreign U.S. Treasury Holdings Fall as Japan, UK and China Cut Positions 
Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
Add as a preferred source on Google
Kellogg’s and the union workers have been in talks to resolve their conflict, but after almost eight weeks, they have yet to reach an agreement. This means that negotiations have been failing, and strikes are still in place.
With the ongoing protest and some of the workers participating in it are not able to go to work, it was reported that Kellogg’s is planning to permanently replace them. According to Reuters, the cereal maker will hire new plant workers, and they will be hired for permanent work, effectively replacing those who are still on strike.
The decision was said to have been made after the lengthy negotiations between Kellogg’s and the members of the union fell apart once again. The workers started the strike on Oct. 5, just a day after their contracts with the company had expired.
The union was said to have at least 1,400 members at Kellogg’s cereal plants. They negotiated with the management for their pay and other payments, but the talks stalled because of the unresolved differences between the two camps.
Now Kellogg’s was said to have been left with no choice but to move forward and apply the next phase of its contingency plans, and unfortunately, it includes hiring new employees to replace those who are still protesting.
The company said this week that it is ready to transfer those who have worked for four or more years to permanent positions. However, as the union is not yet ready to reach a deal with the management, the members were not allowed to vote on the offer. Thus, Kellogg’s could not move forward with the plan.
“We recognize the hardship that this prolonged strike represents for our employees,” ABC News.
Quoted Kellogg’s as saying in a statement with regards to the new hiring plans. “After 15 negotiations sessions in 2021 and no proposals put to membership for a vote, we are left with no choice but to best serve the short- and long-term interests of our customers and consumers by moving to the next phase of our contingency plans.”
In a new update, it was reported that the union offered to go back to the negotiating table with Kellogg’s in the second week of December. They are also hoping to finally resolve issues with the two-tier system. The union leader added that the members would vote on an offer if the two sides could reach an agreement.
