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

Shades of Gray

May 2015
Monday, April 27, 2015
BY KIM MOORE

Are we too quick to diagnose corruption?


Read more...

The Health Guru

May 2015
Monday, April 27, 2015
BY LINDA BAKER

Mohan Nair channels a visionary.


Read more...

It's a Man's Man's Man's World

May 2015
Friday, April 24, 2015
BY AMY MILSHTEIN

Male tech workers speak out on the industry's gender troubles.


Read more...

No Boundaries

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Floor plans embrace the great wide open.


Read more...

The best crisis is the one you avoid

Contributed Blogs
Wednesday, April 15, 2015
crisisthumbBY GARY CONKLING | GUEST BLOGGER

Avoiding a crisis is a great way to burnish your reputation, increase brand loyalty and become a market leader.


Read more...

Photo Diary: Forest Grove Farmers Market

The Latest
Thursday, May 14, 2015
IMG 8469BY JASON E. KAPLAN | STAFF PHOTOGRAPHER

There are more than 160 farmers markets in Oregon, contributing an estimated $50 million in sales, according to the Oregon Farmers Markets Association. We checked in on the Forest Grove market, which for several years has brought local produce and food vendors to Main Street in the center of town.


Read more...

Queen of Resilience

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Astrid Scholz scales up sustainability.


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