Market Watch: Teamsters Local 206 Reports Sealy Threatened by Labor Dispute

July 30, 2008: As Sealy Company (ZZ) shares continue to lose value -- down 57% since its initial public offering in April 2006 -- and a new CEO, Larry Rogers, takes over, the mattress manufacturer faces a labor dispute in Portland, Oregon. Teamsters Local 206 represents loaders who are expected to lift and stack thousands of pounds of mattresses by hand every hour. Sealy is majority owned and controlled by the buyout firm KKR, which is under attack around the world for its anti-worker policies.

According to Tom Leedham, the Local Union's principal officer, Sealy has stonewalled and backtracked in the negotiations. "This company, which literally breaks the bodies of its employees, is refusing to pay one more penny for health insurance over the next three years," relates Leedham. "When offered a less expensive plan, they insisted on keeping all the savings for themselves. They're actually going backwards in negotiations."

Click here to read more at Market Watch.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Remembering Dr. Martin Luther King Jr.

As the country honors the life and legacy of Dr. Martin Luther King Jr., we remember his often ignored contributions to the labor movement. Dr. King understood the ties between labor rights and civil rights. He gave his life while supporting striking sanitation workers in Memphis, Tennessee. He spoke firmly against right-to-work laws, saying that “in our glorious fight for civil rights, we must guard against being fooled by false slogans, such as ‘right to work.’ It is a law to rob us of our civil rights and job rights.”

First John Coli, Now Becky Strzechowski

Chicago Teamster power broker and former Hoffa administration VP Becky Strzechowski resigned from all her Teamster positions today. Can a federal indictment be far behind?

View More News Posts