Monday, October 5, 2009
Unionized plant closed
The New York Times has a long story about the misfortunes of the 133 year old Simmons Bedding Company. The first three pages are about the leveraged buyout/private equity partners who owned the company. The final page talks of the effect the closure of one of its Georgia plants had on its unionized workforce. This is a sad story on many levels, but it de-bunks the myth that unionization means job security.