Archive for the ‘blackstone group’ tag
92 workers arrested in sit-in
The fight against hotel corporations continue.
When the San Francisco hotel industry hits economic hard times, it means that management doesn’t make quite as much profit as the $200 billion they made over the past decade. But at the same time, they expect the workers who clean the bathrooms and make the beds to make “sacrifices” in their wages, pensions and health care benefits — which they could lose forever. “If I don’t have low-cost, high quality health care through my employer,” asked one worker, “who is going to pay for it? Will you?” Over 1,700 members of UNITE HERE Local 2 and community allies rallied in Union Square yesterday, as the union is locked in negotiations with some of the City’s largest hotel operators – including the Sterwood Corporation, Hyatt and the Blackstone Group. After a boisterous rally, the crowd marched to the Grand Hyatt and Westin St. Francis Hotels – where ninety-two were arrested for a nonviolent sit-in demanding a fair contract.
Whether its Columbia-Sussex, Hyatt, Sterwood Corporation or now the Blackstone Group, to me, they are all the same. The private equity firms like Blackstone Group appear to be the new villains on the scene however. Another incident involving private equity is the Stella D’oro workers fighting Brynwood Partners. No one appears to want to regulate these private equity firms either. I wonder if the NY AG Andrew Cuomo has ever thought of looking into the likes of Blackstone?


