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$10 A MONTH PENSION OFFER BY SWISS FOOD GIANT, NESTLES, REJECTED BY CAW

$10 A MONTH PENSION OFFER BY SWISS FOOD GIANT, NESTLES, REJECTED BY CAW
 TORONTO, May 1 /PRNewswire/ -- Hundreds of Nestle's workers, members of Canadian Auto Workers union Local 252 walked off the job noon Thursday, after months of negotiations.
 "It is unbelievable that a multi-national corporation like NESTLE's, which made over $5.5 billion profit in the last three years is refusing to provide a decent pension plan," says Barry Lines, CAW plant chairperson.
 "In 1992, all we are asking for is the same plan that exists in hundreds of corporations, large and small, that the CAW bargains with," adds Len Ruel, CAW National Representative.
 "It's tragic and unacceptable to allow a 35 year veteran employee to retire with little more than a handshake. This same worker under the Company's proposals, will retire in a year with a pension of $10 a month 'till he dies.'"
 "Right now five hundred workers, the majority of whom are women, have no pension at all."
 "This corporation has an obligation to return to the bargaining table with realistic economic proposals suitable for the 90's," concludes Ruel.
 A general membership meeting will be held this Sunday at the Lithuanian Hall at 1573 Bloor Street W at 11:00 am.
 -0- 5/1/92
 /CONTACT: Len Ruel, CAW National Representative, 416-495-6542, or home, 416-694-7707/ CO: Canadian Auto Workers; Nestles ST: Ontario IN: SU:


KD -- NY064 -- 5604 05/01/92 16:20 EDT
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Publication:PR Newswire
Date:May 1, 1992
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