Current Employment

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In response to the story I posted about the LA Police Protective League asking its private equity fund, Platinum Equity, to oust the editorial staff of the newspaper it acquired, I got the following email from Eric Rose at Englander & Associates, the PR firm working with the LA Police & Fire Union, along with [...]

Last week, I posted a summary of a LERA presentation on the benefits of private equity firms using labor pension funds to invest in struggling businesses. One of the upshots discussed was that the pension funds could use their investments to advance the agendas of the union.

At least one union is stretching the limits of that theory.

As companies continue to suffer losses, unionized workforces are increasingly worried about their employers’ health and the future of their jobs. Some unions in troubled companies are finding an unlikely source of salvation and partnership: private equity.