The Private Equity Stakeholder Project and the Cornell ILR Worker Institute invite you to an online forum on Thursday, October 21 from 1-2:30 p.m. ET. At this online forum you will hear from workers employed by private equity-owned companies how they are standing up and fighting for good jobs.
The number of workers employed by private equity continues to grow as firms are acquiring additional companies at a record pace. Focused on growing cash flows at the companies they buy, takeovers by private equity firms often deal devastating consequences to millions of workers, their families, and entire communities.
The largest number of workers employed by private equity-owned companies are in industries where employers often pay low wages: at least 1.5 million workers in food service, 1.1 million workers in retail, and almost 1 million in security and healthcare.
Private equity takeovers often result in significant job losses and decreases in average worker wages at the companies they buy. For example, private equity-owned retail companies have laid off hundreds of thousands of workers due to store closures and bankruptcies.
On Thursday, October 21 from 1-2:30 p.m. ET, you are invited to join an online forum to learn how workers are meeting the challenge posed by their private equity-owned employers.
The panel will feature workers from the retail, food service and healthcare industries whose employers are private equity-owned talking about how they are fighting for sustainable jobs as well as Rosemary Batt, the Alice Hanson Cook Professor of Women and Work at the Cornell University ILR School.