[Congressional Record Volume 164, Number 104 (Thursday, June 21, 2018)]
[House]
[Page H5370]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1015
                         MONDELEZ INTERNATIONAL

  (Mr. PASCRELL asked and was given permission to address the House for 
1 minute.)
  Mr. PASCRELL. Mr. Speaker, I stand today in solidarity with the 
workers who have paid in for years to have retirement security only to 
have the rug pulled out from under them. Mondelez International, the 
maker of iconic Nabisco products, like Oreo cookies, has, in recent 
years, moved hundreds of good-paying middle class jobs to Mexico. Now 
they have doubled down on shafting their U.S. employees.
  On May 23, Mondelez-Nabisco announced it would withdraw from their 
employees' pension plan. How nice. They have participated in this plan 
for 60 years. This decision jeopardizes the hard-earned retirement 
security of 110,000 current and future retirees.
  This decision comes at the same time that this corporation, Mondelez, 
paid its new CEO, Dirk Van de Put, $42.4 million for 41 days of work in 
2017.
  I would be remiss if I didn't mention Mondelez reaped millions of 
dollars in tax breaks as a result of the passage of the recent Trump 
tax cuts.
  Since 2014, Mondelez has increasingly shifted production from the 
U.S. to Mexico and taken major jobs with it.
  On December 15, I wrote a letter to the United States Trade 
Representative asking them, in the context of NAFTA, to prioritize 
strong, enforceable labor provisions to discourage this kind of 
outsourcing to Mexico.
  Mr. Speaker, this is an epidemic.

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