Bankruptcy as Corporate Tactic to Break Promises—and the Fight Back

September 12, 2013

Bankruptcy is being used by corporations—and now even by entire cities—as a sword to cut themselves free from legal obligations to workers who earned their pensions and retirement health care benefits. Wednesday’s action session “Bankrupting Retirement: Retirement Security and Bankruptcy as an Employer Strategy” at the 2013 AFL-CIO Convention convened four seasoned veterans of the battle to protect workers from a bankruptcy code skewed in favor of corporations. The discussion was moderated by Brandon Rees, acting director of the AFL-CIO Office of Investment.

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