Agreement reached in labor negotiations with Twin Cities janitors [Yahoo! Finance]
ABM Industries Incorporated (ABM)
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Source: Yahoo! Finance
Officials with SEIU Local 26 said the agreement was reached early Saturday morning after bargaining for nearly 20 hours. If union members approve the four-year contract, the hourly wages of nearly 4,000 janitors will increase to $20, with raises of more than 17% through the life of the contract. They also would earn more sick days, have lower health care costs and, for the first time, get life insurance and paid retirement accounts. Members will vote on the agreement next week. "We fought extremely hard and we got the best deal we've ever had because we were willing to go out on strike. We won a retirement plan and higher raises, and we helped expand union rights," janitor Mike Bartos said in an SEIU statement. "We are proud of how hard we fought and are going to be ready to come back in four years to keep winning more of what we deserve." Saturday's announcement comes after negotiations between SEIU and cleaning companies failed over wage issues Thousands of janitors launche
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News
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ABM
Earnings
- 3/7/24 - Beat
ABM
Sec Filings
- 5/1/24 - Form 144
- 3/27/24 - Form 8-K
- 3/26/24 - Form 4
- ABM's page on the SEC website