On November 2, working people at Momentive Performance Materials in Waterford, NY put their jobs on the line by going on strike. They're standing up against Wall Street greed for each other, the community, and all working people who want to earn a good living in this country.
This strike is bigger than Waterford. Every single day, Wall Street speculators, hedge fund managers and private equity firms sacrifice our communities for the benefit of the wealthy few. Momentive workers are standing strong to stop them.
Will you stand with these brave workers by signing our petition? We're asking Stephen Schwarzman, the CEO of the investment group that owns a large chunk of Momentive, to put working people before Wall Street greed. Click here to add your name.
Since private equity took over Momentive from GE in 2006, wages have been slashed up to 50%, pensions have been frozen, and jobs have been outsourced. Now, Momentive wants to slash healthcare for active employees, and eliminate completely healthcare and life insurance for retirees - many of whom are dealing with illnesses related to their exposure to deadly chemicals at the plant.
Steve Schwarzman's Blackstone Group has driven down workers’ standard of living over the past decade. And Schwarzman isn't just any Wall Street billionaire - he chairs President-Elect Donald Trump's new “Strategic and Policy Forum," which is intended to help improve economic growth and create good jobs.
A delegation of Momentive workers will be delivering the petition signatures to Schwarzman. Tell Steve Schwarzman if he really cares about preserving and creating good jobs in places like Waterford, NY he should stop trying to make a buck at the expense of good jobs and the future of our communities. Add your name at actionnetwork.org/petitions/i-stand-with-momentive-workers-on-strike.