Sealy workers ask for help to keep North Portland factory open

| Print |  Email
Must Reads
Thursday, January 24, 2013

Workers at the Sealy's mattress plant in North Portland that is to close in March asked the Oregon Investment Council to pressure the factory's owner to keep it open.

Wearing stickers emblazoned with "KKR takes our money AND our jobs," a succession of workers and union leaders addressed the regular meeting of the Oregon Investment Council. They claim the plant closure spotlights the dark side of the private equity industry, with the buyout gurus extracting value for their shareholders at workers' expense.

Oregon's pension managers have long touted their special relationship with Kohlberg Kravis Roberts, though they don't typically weigh in on operating issues in portfolio companies. The relationship dates to 1981, when Oregon's was the first pension fund to make a significant investment with the buyout firm, heralding a wave of pension-funded buyouts that has remade the landscape of corporate America.

Read more at OregonLive.com.

{biztweet}sealy portland{/biztweet}

 

More Articles

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


Read more...

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

The Bookseller

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Everyone knows college is expensive, but a look at the numbers brings that into sharp — and painful — focus.


Read more...

Dan and Louis Oyster Bar opens up to a changing neighborhood

The Latest
Thursday, December 11, 2014
121114-oystervidBy MEGHAN NOLT

VIDEO: Revamping a Classic — an iconic eatery stays relevant in a changing marketplace.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS