Shortcut Navigation:

AFL-CIO Now

RSS Corporate Greed Blog Posts

Massey Energy Mine Manager Charged in Conspiracy to Hide Dangerous Conditions from Inspectors

In April 2010, 29 mine workers were killed in an explosion in what's known as the Upper Big Branch mine disaster in Raleigh County, W. Va. Today, federal prosecutors charged Massey Energy mine manager David C. Hughart with covering up defiance of safety regulations and resulting dangerous conditions from government inspectors. The Charleston Gazette reports that this is the "first time in their probe of the Upper Big Branch mine disaster that prosecutors have filed charges alleging Massey officials engaged in a scheme that went beyond the Raleigh County mine...."

Read more and comment »

'Fix the Debt' CEOs Sit on Massive Retirement Funds While Pushing for Retirement Cuts for Working Families

Photo courtesy Talk Radio News Service

We have five weeks to tell Congress to let the Bush tax cuts for the richest 2% expire and reject any benefit cuts to Social Security, Medicare and Medicaid. Visit www.aflcio.org/ProtectOurFuture for all the information you need on the upcoming budget showdown. 

A new report from the Institute for Policy Studies shows that the CEOs who make up the "Fix the Debt" campaign sit on massive retirement funds of their own while calling for the retirement programs that working families rely on to be cut as part of a deficit-reduction package. Furthermore, those same CEOs have been shortchanging pension funds for working families at the corporations they run.

Read more and comment »

Unionmade Isn’t

Unionmade Isn’t

If there were fact checkers for corporate advertising, this would get four Pinocchios. Unionmade clothes aren’t. Unionmade is the San Francisco clothing company where those with way too much money and far too little common sense can spend $565 for a pair of “vintage” Levi Jeans or a $258 “work shirt.”

Read more and comment »

The Rich Get Richer, Everyone Else Loses in Possible Hostess Liquidation

Photo courtesy of Jenn Durfey

As part of its liquidation filing, Hostess is requesting approval to pay $1.75 million in bonuses to executives—the same executives who ran the company so poorly it is closing its doors and liquidating its assets.

Read more and comment »

Trumka: Giving Thanks for Hostess Workers

Hostess Brands pattern of mismanagement and debt caused its own failure, not the workers.

"Giving Thanks for Hostess Workers" is a cross-post from Daily Kos by AFL-CIO President Richard Trumka. 

 This is the new American story, but someone finally stood up and said, “Stop!”

Pundits should be applauding the Bakery Workers of Hostess Brands for standing up to Wall Street interests and standing for decent working standards and the middle class.

The truth is that the Bain-style vulture capitalists invested in Hostess to profit not by making quality products, but by bleeding the company of every dollar before discarding it.

Read more and comment »

BCTGM President Frank Hurt: Hostess Demise a Decade in the Making

The following statement was issued by BCTGM International Union President Frank Hurt in response to the announcement by Hostess Brands that it would begin liquidation.

“Hostess’s announcement that it is liquidating the company is a deep disappointment for all of our Hostess members. While Hostess management wants to blame our members for the demise of the company, the truth is that had it not been for the valiant efforts of our members over the last eight years, including accepting significant wage and benefit concessions after the first bankruptcy, this company would have gone out of business long ago.

Read more and comment »

Trumka: Bain-Style Tactics by Hostess Are ‘Wrecking America’

AFL-CIO President Richard Trumka issued the following statement concerning Hostess Brands' announcement that it will liquidate its holdings and cease operations, costing 18,000 workers their jobs.

What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor. Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price. These workers, who consistently make great products Americans love and have offered multiple concessions, want their company to succeed. They have bravely taken a stand against the corporate race-to-the-bottom. And now they and their communities are suffering the tragedy of a needless layoff. This is wrong. It has to stop. It’s wrecking America.

Read more and comment »

Employer Tactics in Ducking Back Wage Claims Now Before Supreme Court

The AFL-CIO has filed a friend of the court brief in a case before the U.S. Supreme Court in which an employer is attempting to avoid paying its workers back wages. The case centers on a Pennsylvania nurse, Laura Symczyk, Genesis Healthcare Corp. and methods employers are using to get around paying wages due under the Fair Labor Standards Act (FLSA).

Read more and comment »

Home Improvement Chain Urges Employees to Take Anti-Obama 'Economics' Course

Photo courtesy of anastaz1a

Menards, the third-largest home improvement chain in the United States, encourages its employees to take a so-called "economics" course online that contains staunchly anti-Obama content and, while it doesn't endorse Mitt Romney, it talks in positive terms of policies similar to those the Republican presidential candidate has proposed.

Read more and comment »

Sensata Tells Workers End Protests or Ax Falls Sooner

Photo by Allison Pasek

The workers at Sensata Technologies, who’ve established the tent city “Bainport” across the street from the Bain Capital majority-owned plant that is shutting down and shipping the 170 U.S. jobs to China, filed unfair labor practice charges Wednesday against Sensata.

The workers charge that the company has threatened to shut down the plant before its end-of-the-year scheduled closure if the workers continue to organize to stop the outsourcing of their jobs to China.

Read more and comment »

Take Action

Sign the Pledge for a Road Map to Citizenship

Sign the pledge to fight for a common-sense immigration process that creates a road map to citizenship for aspiring Americans.

Click here »

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr
  • RSS

Are you a union member?


*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online