MarketPR
The IUF, a Switzerland-based union representing food, drinks, agricultural and hospitality workers, has accused Unilever of applying "double standards" in the labor transition terms attached to its $44.8bn sale of most food assets to US-based McCormick & Co.
European employees being transferred into the combined business will receive two years of pay and benefits protection after completion, secured through the Unilever European Works Council.
Workers outside Europe, the union says, have a one-year baseline, and the IUF is demanding both companies extend the European standard globally.
Unilever, which trades in London, Amsterdam and New York, announced the food assets deal in March, with completion expected around the middle of next year. The two-tiered protection arrangement came to light in July.
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