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The Real Reason Unions Are Targeting Wal-Mart: Pensions
The Examiner
Nov. 29, 2012 "[T]he United Food and Commercial Workers International Union, which organized Black Friday's 'strikes' outside [Wal-Mart] stores, has a serious problem. Its pension funds are failing. Most are in critical status (defined as less than 65 percent funded) or in endangered status (less than 80 percent funded), according to the union's own reports to the U.S. Labor Department. Without an infusion of new cash, they will not be able to pay all their obligations to future retirees. That's why the UFCW seeks to sign up 1.4 million Wal-Mart employees -- to inject fresh money into its failing plans." MORE >> |
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