January 29, 2017
By Steven Wishnia and Neal Tepel
Saratoga Springs, NY – Some of the 700 striking workers from the Momentive Performance Materials plant in Waterford paid a visit Jan. 23 to the luxury housing development where company CEO Jack Boss lives, going door to door to hand out leaflets about the 12-week-old strike.
“We’re just taking the fight to the neighborhood,” said Craig Finigan. “These are the people he lives amongst. He’s not listening to his workers, maybe he’ll listen to his peers.” Police averted a confrontation when a driver stopped his car, denounced unions, and jumped out, looking like he wanted to fight. Police intervened. Management at the silicone-product manufacturer, which was sold to a group of hedge-fund investors in 2006, is demanding drastic health-care and pension cuts, IUE-CWA Local 8139 Vice President Darryl Houshower told the Albany Times-Union. “The way connected insiders have benefitted from the economic destruction suffered by our communities didn’t come from nowhere,” the union-backed group Hedge Clippers said in a report Jan. 23. Wall Street fund managers Stephen Schwarzman and Leon Black, it added, have taken over Momentive “and driven down pay, wages and benefits for workers and their families over the past decade.” Read more