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.

Get Advice Join TDU Donate

Recent News

Webinar & Toolkit: Heat Safety Rights at UPS

UPS Teamsters from across the country joined our webinar on enforcing new heat safety rights at UPS. Watch the webinar below. Then check out our heat safety rights toolkit. It includes resources to inform other members and enforce our heat safety rights this summer.

Resources: Getting Control of Production Standards

Get the information you need to understand production standards at your workplace, follow the methods, and stop unfair discipline.

View More News Posts