Oreo cookies are one of America’s favorite snacks and a childhood obsession for many of us. But executives at Mondelēz International, the parent company of Nabisco, are planning to move production of nine snack food products, including Oreos, to Salinas, Mexico—wiping out more than 600 jobs at a plant in Chicago.
There’s no reason this has to happen. Mondelēz CEO Irene Rosenfeld made more than $21 million in 2014—that’s 597 times what the average American working person makes in a year. But she and other executives at the company have demanded people who work at the factory in Chicago take big pay and benefit cuts.
It’s totally unacceptable to sucker punch America’s working families with pay cuts and layoffs just so executives can keep taking more for themselves.
We’ve seen this pattern from lots of greedy companies that ship America’s jobs overseas. America’s workers deserve better than to see their jobs go to low-wage countries with less regulations in order to increase corporate profits. Working families and our communities shouldn’t have to bear the brunt of corporate greed.
And to add insult to injury, Rosenfeld received a $6 million raise the year before these workers were asked to take pay and benefits cuts—effectively paying her a whopping $21 million in compensation. In fact, she’s been paid more than $170 million in compensation over the past eight years. Yet, working people at the Chicago plant are being told that it’s up to them to save the company money.
We can speak up and stand with working people to try and save their jobs, but Rosenfeld needs to hear from a lot of us, right now.