Source: Reuters
The strike was the latest of a rash of labor disputes at U.S. manufacturing facilities, often stoked by frustrations that wages are not keeping pace with inflation while corporations are reaping massive profits.
ADM last month reported a record-large fourth-quarter profit and forecast continued strong earnings in 2023.
“ADM is refusing to offer these workers wages and benefits on par with what union members receive at other union facilities,” J.P. Fyans, Local 916 president, said in a media statement.
ADM has offered the members “an extremely competitive proposal” and continues to negotiate with the union in good faith, said company spokesperson Jackie Anderson.
“We have a robust plan in place to maintain production levels until we can reach a satisfactory resolution,” she said.
The Decatur site, ADM’s global headquarters until a move to Chicago a decade ago, houses a soybean crushing plant and one of the largest corn wet mills in the world. It has the capacity to produce 375 million gallons of ethanol biofuel annually, making it the largest in the country, according to the Renewable Fuels Association.