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Illustration: Aïda Amer/Axios

The latest nugget from earnings season: Worker strikes across the U.S. are starting to hit big companies' bottom lines.

Driving the news: Kellogg warned on its Thursday call that annual profits could take a hit due to sustained worker strikes at its cereal plants.

  • The plants aren't operating at full capacity thanks to the strikes, and to the difficulty finding temporary labor. Those disruptions, combined with input cost inflation, could dampen profits.
  • Kellogg workers are extending their month-long strike after rejecting the company's most recent pay and benefits offer on Wednesday.

Meanwhile, Deere & Co. workers — part of the biggest pandemic-era worker strike, 10,000-strong — are also continuing their work stoppage after rejecting their employer's latest attempt at a deal with the United Auto Workers union.

  • That deal, which would have poured an additional $3.5 billion into pay and benefits, is Deere's best and final offer, the company said.

State of play: Deere managed to bring a lot more workers on board with its latest proposal. While 90% of workers rejected the company's first offer, 55% voted against the second one.

  • The company needs a simple majority to reach a deal with the UAW — and aims to chip away at the holdouts in the days and weeks to come.

The bottom line: Workers have more power for now, but continued strikes are hurting both sides, with employees losing wages and employers seeing dents in their profits.

Go deeper

Nov 23, 2021 - Axios Twin Cities

Roughly 40% of Minneapolis downtown workers return to the office

Photo: Karen Bleier via Getty Images

Companies are starting to bring office workers back, even as the bulk of firms wait at least until after the new year.

By the numbers: The Minneapolis Downtown Council tracks how many workers are back in office buildings.

  • 16% were back in the office in January.
  • 36% were back in September.
  • 40% are back in November.

Storms pummel flood-hit Pacific Northwest as border river overflows

An image of the water-logged Sumas Prairie area taken last Friday. Photo: B.C. Ministry of Transportation/Twitter.

The latest ferocious storm system to hit the Pacific Northwest triggered fresh evacuation orders and at least one mudslide in flood-ravaged British Columbia, Canada, late Sunday.

Threat level: Flood sirens sounded in Washington state as the Nooksack River overflowed. Henry Braun, mayor of Abbotsford, B.C., told reporters the water flow was headed toward the Canadian border city later Sunday. "There's nothing to stop it," he said.

Updated 3 hours ago - Health

First North American Omicron cases identified in Canada

COVID-19 testing personnel at Toronto Pearson International Airport in September. Photo: Steve Russell/Toronto Star via Getty Images

The first two cases of the new Omicron variant have been detected in North America, the Canadian government announced Sunday evening.

Driving the news: The World Health Organization has named Omicron a "variant of concern," but cautioned earlier on Sunday that it is not yet clear whether it's more transmissible than other strains of COVID-19.