PRESS RELEASE: AUGUST 01, 2007

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Kraft Foods Members ratify new deal

Local 247 members employed at Kraft Foods ltd. today voted 94% in favour of accepting the 3 year recommended settlement reached last week. The contract calls for yearly wage increases as well as lump sum payments and gives retired members the opportunity to come back and help train new employees on a limited basis. There are increases to the shoe allowance, the first aid premium, and the severance language was strengthened. "Overall it's a good deal and we applaud the Company for some of the ideas they brought forth", commented Director of Bargaining Dan Goodman.

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