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Kellogg stock falls as cereal plant workers reject 'tentative' agreement, to extend the strike

·1 min read
Kellogg stock falls as cereal plant workers reject 'tentative' agreement, to extend the strike
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Shares of Kellogg Co. dropped 1.2% in afternoon trading Tuesday, after the cereal and convenience foods company said that the 1,400 hourly employees at its four cereal plants have rejected the tentative agreement for a new five-year contract. That means the nearly two-month long strike will continue at the plants in Battle Creek, Mich., Omaha, Neb., Lancaster, Penn. and Memphis, Tenn. "While certainly not the result we had hoped for, we must take the necessary steps to ensure business continuity