Mondelez International Boosts Hiring, Raises Wages, Promises Community Relief

Mondelez International (NASDAQ: MDLZ), owner of the Oreo cookie brand along with other popular brand-name chips and crackers, said today that it's planning to hire 1,000 more employees in the United States to meet current demand for food. The company is specifically looking for candidates recently laid off from other businesses. Layoffs resulting from coronavirus fears and closures disrupting all sectors of the economy have potentially created a pool of experienced workers for companies like Mondelez to draw on.

Image source: Getty Images.

The same announcement revealed that approximately 10,000 "front line" workers will receive a temporary pay raise, lasting from March 23 through May 2. The $2-per-hour raise will go to hourly employees working in sales, distribution, and manufacturing, to be paid as a lump sum at the end of the specified period.

Source Fool.com