Macy's Avoids Strike After All-Night Negotiations with Union
Macy's Avoids Strike After All-Night Negotiations with
Union
Macy's reportedly reached a tentative labor agreement Thursday with the union representing some 4,000 of its New York area employees after the two sides negotiated through the night to avoid what would have been the department store chain's first strike since 1972. “Following an all-night negotiating session, Macy's is pleased to have reached a tentative agreement with Local 1-S of the RWDSU on a new five-year agreement,” reported Macy's spokesperson Jim Sluzewski.
“We look forward to a ratification of the agreement by our associates, and to serving our customers without interruption. This tentative agreement reflects tremendous efforts by company and union negotiators over the past several weeks to reach an agreement that addresses the economic and business realities of the retailing industry, while keeping jobs at Macy's among the best in the department store industry,” Sluzewski said. The previous labor agreement, which was extended for 45 days in May and expired at midnight Thursday morning, was signed in 2006.
The new agreement will now be voted on by the union's members, made up of the sales forces at Macy's flagship store in Manhattan and three other stores in the new York area. The union was demanding higher wages and improvements to the pension plan and benefits package, arguing that those demands were warranted by Macy's recent gains in sales and profits. Details of the agreement that was reached have not been disclosed.
Macy's reportedly reached a tentative labor agreement Thursday with the union representing some 4,000 of its New York area employees after the two sides negotiated through the night to avoid what would have been the department store chain's first strike since 1972. “Following an all-night negotiating session, Macy's is pleased to have reached a tentative agreement with Local 1-S of the RWDSU on a new five-year agreement,” reported Macy's spokesperson Jim Sluzewski.
“We look forward to a ratification of the agreement by our associates, and to serving our customers without interruption. This tentative agreement reflects tremendous efforts by company and union negotiators over the past several weeks to reach an agreement that addresses the economic and business realities of the retailing industry, while keeping jobs at Macy's among the best in the department store industry,” Sluzewski said. The previous labor agreement, which was extended for 45 days in May and expired at midnight Thursday morning, was signed in 2006.
The new agreement will now be voted on by the union's members, made up of the sales forces at Macy's flagship store in Manhattan and three other stores in the new York area. The union was demanding higher wages and improvements to the pension plan and benefits package, arguing that those demands were warranted by Macy's recent gains in sales and profits. Details of the agreement that was reached have not been disclosed.
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