Word: laboration
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Dates: during 1970-1979
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Rogers' prime target has been J.P. Stevens & Co., the second largest U.S. textile maker, which for more than 16 years has fought off unionization despite repeated warnings by the National Labor Relations Board and three contempt citations by federal courts. Labor regards cracking Stevens as the key to organizing the largely nonunion South. The ACTWU aims at isolating Stevens by making it a pariah to other business and financial institutions. Says Rogers: "The ultimate goal of the corporate campaign is, if necessary, to totally alienate and polarize the corporate and Wall Street communities away from J.P. Stevens...
...Unions must confront giant corporate capital with workers' capital. They must confront interlocking corporate power with interlocking workers' power." In the meantime, labor and business leaders are waiting to see what the new tactic pro duces. If either Stevens or Seafirst is eventually compelled to accept unionization, labor's use of the "corporate campaign" squeeze is certain to increase...
Last winter the ACTWU organized a campaign that led labor unions to threaten to withdraw more than $1 billion in pension and other funds from New York's Manufacturers Hanover bank unless it dumped two of its directors, who also held seats on the Stevens board. The bank quickly caved in and failed to renominate Stevens Chairman James D. Finley and David W. Mitchell, chairman of Avon Products. Two weeks later Mitchell, deluged with letters from union sympathizers threatening a boycott of Avon goods, also quit as a Stevens director...
...York City, who refuses to quit as a director of Stevens. The union is stirring up activist groups against Sea men's by pointing out that the bank makes most of its mortgage loans to borrowers outside metropolitan New York. The ACTWU has also enlisted political, labor and religious groups to help block the bank from opening a branch on Long Is land...
...years the UFCW has been battling the Seattle-First National Bank, the largest in the Northwest, to recognize the union as the bargaining agent for the bank's employees. The union has persuaded labor organizations and civic groups to withdraw deposits of more than $125 million from Seafirst. It has also begun to ask other unions to take their pension funds from Seafirst's correspondent banks in an effort to get them to break their ties. Last week the AFL-CIO called for a national boycott of Seafirst by union pension-fund managers...