Andrew Friedman

Real Estate Bust?

Despite record profits and New York City's real estate boom, the association of building owners and managers, the Realty Advisory Board on Labor Relations, is trying to keep an even larger piece of their pie.

The high-flying association, located on Madison Avenue, seems to want to starve their workers to keep more for themselves. While they happily keep increasing profits to themselves, they are now seeking to pass on some increasing expenses, like health care and electricity, to their workers. The owners are demanding the workers accept a one-year pay freeze and start to pay 15 percent of their health insurance costs.

Fortunately, the 28,000 building service workers, who are part of the Service Employees International Union, Local 32BJ, refuse to be swindled. They are planning a strike for late in April if the building owners don't drop their demand. Give the workers a hand.

Give the fat cats at the Realty Advisory Board on Labor Relations at 212-889-4100, and let them know that their workers need a raise, not a pay cut.

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Posted at 8:18 AM, Mar 23, 2006 in Labor
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