Source:
Wall Street JournalBy Sabrina Willmer
Permira portfolio company Hugo Boss has at least temporarily retreated from a decision to close its Ohio plant.
Instead, it agreed to come back to the bargaining table after National Labor Relations Board Region 8 agreed with assertions by the Workers United union, part of Service Employees International Union, that the company didn’t bargain in good faith with the union about its decision to close the plant.
NLRB Region 8 notified Hugo Boss and the union that it would issue a complaint against the company unless it agreed to settle the case, according to a release issued by the union.
Workers United and Hugo Boss plan to resume negotiations April 8. The plant had originally been slated to shut April 27.
Read more:
http://blogs.wsj.com/privateequity/2010/03/31/permira-heads-back-to-the-bargaining-table-over-hugo-boss-plant/
Danny Glover stood up for these workers at the Academy Awards. This company said "take a $3 hr cut, or we leave the USA!".
Bloomberg News