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Updated On: Feb 05, 2018
The Trump administration adviser responsible for “preserving and creating good jobs” is the same hedge fund billionaire behind devastating cuts to wages and health care for hundreds of New York workers at chemical giant Momentive.
700 workers there have been out on strike since Nov. 2, picketing every day, huddled in the cold outside the plant. They’re refusing to accept a third straight contract with cuts.
Since Stephen Schwarzman’s hedge fund took over, Momentive workers have been under attack.
In 2009, Momentive slashed pay by 25 to 50 percent and outsourced dozens of jobs. In 2013, the company froze pensions for workers younger than 50. Now Momentive wants to cut health care for active employees and eliminate all health and life insurance for retired workers, many of whom suffer job-related illnesses caused by exposure to dangerous chemicals.
This is the same Stephen Schwarzman who threw himself a $3 million 60th birthday party!
Our fight is bigger than just Momentive workers. Every single day, billionaires like Donald Trump and Stephen Schwarzman put personal greed above the needs of our communities. Their drive to extract profits by keeping wages low and attacking health care and pensions is the behind the runaway inequality that people everywhere are angry about.
