Teamsters Union claims NetJets said it would fire employees if union released customer names
Source: Value Walk
by Clayton Browne
NetJets, Inc., owned by Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), has made threats to fire workers over the International Brotherhood of Teamsters publication of the names of rich customers who stand to benefit from NetJet’s attacks on the wages, benefits and working conditions of middle-class employees. The fractional ownership jet operator is fully owned by Warren Buffett’s holding company Berkshire Hathaway and offers jets business and leisure travel to the wealthy in 170 countries.
Teamsters Union and NetJets
Of note, the Teamsters Union represents around 600 NetJets employees who work in a variety of positions including flight attendants, aircraft mechanics, maintenance controllers, aircraft cleaners, aircraft fuelers, stock clerks and flight dispatchers. All 600 Teamsters members are currently involved in labor contract negotiations. What is particularly problematic in this case is that despite profitability and rising revenues, NetJets is greedily demanding major compensation, benefits and job security concessions in the ongoing negotiations.
A Teamsters Union press release notes that a NetJets website states a “core negotiation requirement” is “to pass as much of the savings [from employee concessions] as practicable to owners and potential owners…” The firm consistently refers to its customers as “owners.”
Statements from Teamsters officials
“NetJets’ threat to terminate middle class workers is just the latest example of this out-of-control, multi-national corporation trying to coerce and intimidate its workforce into subsidizing the global super-rich,” said Paul Suffoletto, President of Teamsters Local 284. “The employees we represent will not give up one penny so a Wall Street banker or CEO can take a cheaper vacation on a private Gulfstream jet.”
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Read more: http://www.valuewalk.com/2014/11/netjets-vs-teamsters-union/
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