Union Pension Fund Finances Runaway Shop

Source: Patrick Young, Labor Notes, February 28, 2013

Mattress manufacturer Sealy is shutting down its North Portland, Oregon, factory, eliminating 128 jobs. The North Carolina-based company announced November 6 it would move production from the Steelworkers and Teamsters shop to a new, non-union plant two hours north in Lacey, Washington…. Such runaway shops are all too common. But this story has a twist—the shutdown was financed, in part, by Oregon’s Public Employee Retirement System….