Macy's, union avert strike with tentative deal
Source: USA Today
Mike Snider,
Macy's and the New York City union representing its retail workers have reached a tentative four-year deal, averting a strike that was set to begin Thursday.
About 5,000 members of the local branch of the Retail, Wholesale and Department Store Union had planned to strike if demands for better pay and health care were not addressed. The current contract expired at 12:01 a.m. Thursday.
Macy's and the Local 1-S branch of the RWDSU confirmed that an agreement had been reached. "We are pleased with the outcome of our overnight negotiations and happy to report that a tentative agreement between Macy's and Local 1S for our workers has been reached, therefore averting a possible strike today," Macy's said in a statement.
Macy's (M) shares closed Thursday up 1.3% to $32.36.
FULL story at link.
(Photo: Spencer Platt, Getty Images)
Read more: http://www.usatoday.com/story/money/2016/06/16/macys-union-avert-strike-tentative-deal/85975002/
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