[UPDATE] Both General Mills and Quaker Oats Get New Contracts

It's a day of good news for Quaker Oats employees as their union announces the acceptance of a new 4 year contract that provides wage increases and other benefits for Quaker's 700 area workers. And that's not all. It looks like General Mills has averted a strike with back to the table meetings taking place earlier this morning.

Following those talks, Local 110 of the Retail, Wholesale and Department Store Union (RWDSU), announced that approximately 520 workers at the General Mills processing plant in Cedar Rapids have reached a tentative contract agreement with the company.

The worker led negotiation committee and General Mills Management teams worked tirelessly to secure what the union calls a "strong tentative agreement that stops the bleed out of their long-held needed benefits package". The committee will recommend workers vote in favor of this agreement. The contract could be ratified as early as Thursday.

Both contracts show the value each company has placed upon the community.