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August 10, 2022

On This Day in 1981
Some 15,000 air traffic controllers strike. President Reagan threatens to fire any who do not return to work within 48 hours, saying they “have forfeited their jobs” if they do not. Most stay out and are fired Aug. 5.  
~ Labor Tribune

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Teamsters, UNITE HERE Partner to Protect Pensions
Posted On: Aug 02, 2022
Aug. 2, 2022 | WORKERS’ RIGHTS | In response to private equity’s growing encroachment into the retirement services industry, the International Brotherhood of Teamsters and  UNITE HERE have announced an alliance to strengthen the protection of pension benefits. The two unions cited the recent multi-billion-dollar pension buyout deals by Apollo Global Management’s (NYSE: APO) Athene subsidiary as the spark for the new alliance. The two labor organizations plan to advocate for more state and federal oversight of group annuity providers. Of particular concern are risk transfers. The Teamsters and UNITE HERE are concerned that workers’ retirement assets are being moved into complex financial structures that lack transparency. Labor Press
 
 
Teamsters Local 355
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