Labor & Economic News Blog
Wednesday, April 25, 2007
Should unions fear private equity?
Should unions fear private equity?NY Times
In Europe, private equity firms are accustomed to feeling the heat from unions. Now, the temperature is rising in the United States as well. The Service Employees International Union, which represents nearly two million workers including health care employees and janitors, on Tuesday released a report that takes a skeptical look at the private equity industry. While the report stops short of being openly hostile to buyout firms, it sets forth a series of “public policy concerns” related to the recent run of large buyout deals.
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