Academic journal article Monthly Labor Review

Early Settlement at Nabisco

Academic journal article Monthly Labor Review

Early Settlement at Nabisco

Article excerpt

Nabisco Brands, Inc. and the Bakery, Confectionery and Tobacco Workers reached an early settlement of a 4-year master agreement covering 7,100 workers in 13 plants nationwide (Atlanta, GA; Buena Park and Oakland, CA; Buffalo and Niagara Falls, NY; Chicago, IL; Denver, co; Fair Lawn, NJ; Houston, TX; Philadelphia and Pittsburgh, PA; Portland, OR; and Richmond, VA). The pact featured establishment of a managed health care program in exchange for the creation of a 401(k) savings plan. Linking the savings plan to the health care program would make a managed care program more acceptable and encourage prudent use of medical services, according to the union.

The accord calls for a joint labormanagement committee to design a managed health care program to be submitted for approval by December 1, 1992, to the head of the international union's health benefit fund. In return, employees would be eligible for a tax deferred 401(k) plan, effective in March 1993. …

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