Momentive workers have a new contract

In December, I published two stories with NBCnews.com, about workers at Momentive, a chemical manufacturer in upstate New York. The men at the plant had their wages slashed in the middle of a contract, following the purchase of their company by Apollo Global Management, a private equity firm. An investigation by the National Labor Relations Board found that Momentive management had violated the contract, but following a contentious vote, the wage cuts were made permanent.

Now, the employees at Momentive’s Waterford, N.Y. plant just inked a new contract. And just like three years ago, the workers in IUE-CWA Local 81359 were voted into a new contract by the two other locals in their bargaining unit.

I wrote an update on the new contract, and the dire financial straits of Momentive itself, over at the Investigative Reporting Workshop.