Local and National Union News
Sysco Walks Away From US Foods Merger
June 29, 2015 | Sysco Corp. said Monday it is walking away from its planned acquisition of US Foods Inc. after a federal judge issued a preliminary injunction against the deal last week amid antitrust concerns. Sysco said it will pay US Foods a breakup fee of $300 million. The termination also cancels Sysco and US Food’s agreement to sell 11 distribution centers to Performance Food Group, Inc. Full story …
U.S. judge grants FTC request to block merger with US Foods
June 24, 2015 | Sysco Corp’s $3.5 billion merger with US Foods should be stopped for further review, a federal judge ruled on Tuesday, handing a major victory to the U.S. government in its effort to block the controversial merger. The judge’s decision could ultimately kill the deal between the two largest U.S. food distributors since the further review requested by the Federal Trade Commission is a lengthy process, and deals generally cannot be held together during a full trial. Continue reading… Today's Baltimore Sun story...
Teamsters endorse pension protection bill
June 18, 2015 | The IBT issued its support today for new legislation that will protect earned pension benefits for retirees and boost multi-employer pension plans for workers and participating employers.The “Keep our Pension Promises Act,” sponsored by Sen. Bernie Sanders (I-Vt.) and Rep. Marcy Kaptur (D-Ohio), will roll back provisions slipped into the fiscal 2015 spending bill approved by Congress last year that made earned pensions benefits vulnerable to cuts. The measure would restore anti-cutback rules so that recipients in financially troubled multi-employer pension plans will be protected from having their benefits cut. Continued…
Republican states seek to repeal prevailing wage laws
June 16, 2015 | Expanding their battle with organized labor, Republican lawmakers in the Midwest are moving to scrap labor laws that help unions win a healthy share of the jobs on public works projects and bolster trade union membership. Conservative legislators are targeting "prevailing wage" statutes, now on the books in 31 states [including Maryland], that require paying the local wage and benefit rate –usually union scale– on government construction projects such as building local roads… Full story.
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