Home Must Reads Sealy workers ask for help to keep North Portland factory open

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 Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


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