TEAMSTERS: WITHOUT WORKER PROTECTIONS, DOJ MUST BLOCK PARAMOUNT-WARNER MERGER
Union Warns Consolidation Risks Layoffs, Industry Stability, and Labor Standards
"This merger threatens the livelihoods of the very workers who built these studios into industry giants," said Teamsters General
The merger would consolidate two of the five major studios in
"The film and television industry has been in a fragile and fluctuating state for the last several years and entertainment workers are simply trying to survive through that instability. Another mega‑merger is the last thing this industry needs," said Teamsters Motion Picture Division Director
Under federal antitrust law, the DOJ must challenge mergers that threaten competition in any market. The Teamsters will only support a deal that includes enforceable commitments to increasing and maintaining domestic production, strong labor standards, and guarantees against layoffs and erosion of union jobs. Without such protections, the Teamsters call on the DOJ to sue to block the merger entirely.
Founded in 1903, the International Brotherhood of Teamsters represents 1.3 million hardworking people in the
Contact:
[email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/teamsters-without-worker-protections-doj-must-block-paramount-warner-merger-302712657.html
SOURCE International Brotherhood of Teamsters
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NUTEX HEALTH OPENS WEST LITTLE ROCK EMERGENCY HOSPITAL IN ARKANSAS
- Harbour BioMed Announces NMPA Approval of IND Application for HBM7004 for the Treatment of Advanced Solid Tumors
- SM Investments reports 8% growth in H1 net income to PHP45.9 billion on sustained consumer demand
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
Layoffs, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share