Kellogg Execs Looking For ‘Reasonable’ Solution to Strike

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Kellogg Co. executives on Nov. 4 said they are raising their fourth-quarter sales guidance but keeping their profitability outlook where it is in part because of costs related to the strike by its U.S. cereal workers. Members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union walked out of their Nebraska, Michigan, Pennsylvania and Tennessee plants Oct. 5 after saying they’d been asked to make concessions on health care, retirement benefits and other components of their contracts. Kellogg officials said soon after that the union was misinterpreting the company’s contract offer and that they would continue production as best they could.

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