Why is Brynwood Partners trying to slash the wages, gut the benefits and bust the union of striking Stella D’oro workers in the Bronx? The problem isn’t one greedy company — it’s the whole private equity way of doing business. The International Union of Food Workers (IUF) explains:
Buyouts, Bread Sticks, Biscotti — and Challenges for the Obama Administration
The 136 workers on strike for 9 months at the Stella D’oro bakery at West 237th Street in the Bronx are a microcosm of working America. They are as diverse as the neighborhood — African-American, Latino, “ethnic” whites, even African. A majority are women, many of them mothers and grandmothers. Most of them worked at Stella D’oro for years, even decades, before, as they tell it, being forced out on strike. Seven months into a bitter strike, they’ll all tell you “We’re going to stay out as long as it takes to get a fair contract.”
Stella D’oro is also a microcosm of what’s been happening in corporate America for the past two decades — and what urgently needs to be fixed…
Read the rest here. And join DSA in supporting the Stella D’oro strikers!
(h/t Paul Garver at DSA’s Talking Union)