Thursday, October 21, 2021 at 12:00pmVirtual Event
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 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.