Unions pressing companies to divulge tax windfall plans
The unions are requesting information on a company’s estimated gains, how much they’ll spend on stock buybacks and how many U.S. jobs they'll create.
By Josh Eidelson|April 06, 2018 at 09:44 AM
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Unions are pressing companies they bargain with to disclose details of what they’re doing with savings from the Trump tax cuts, the latest move by organized labor to pressure corporations to pass along their windfall from the overhaul.
Four unions have recently filed formal information requests with 11 companies, including American Airlines Group Inc., AT&T Inc. and PepsiCo Inc. subsidiary Frito-Lay, requesting disclosure of the firms’ plans for the extra cash freed up by the tax cuts. The labor groups say failure to comply could lead to the filing of complaints with the National Labor Relations Board, which enforces the federal labor law requiring companies to provide unions that represent their employees with information germane to collective bargaining.
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