New York, NY--The New York City District Council of Carpenters’ Delegate Body on Thursday, January 16, 2014 ratified a historic new agreement with Brookfield Properties--one of the country’s largest commercial real estate developers--that guarantees union carpenters jobs throughout New York City for the next 20 years.
“With this new agreement, the District Council is looking far into the future for our members,” said Stephen McInnis, President and Executive Secretary-Treasurer Pro Tem.
Brookfield controls 7% of all commercial office space in New York City and has plans to expand. This deal is being hailed as the first time an owner has agreed to unionize their entire portfolio anywhere in the country.
By roll call vote, the delegate body approved the Brookfield Portfolio/Project Labor Agreement, which guarantees only unionized carpenters, will work in all Brookfield properties and developments though 2034. Brookfield Properties is a commercial real estate corporation that owns, develops, and operates premier assets in the downtown cores of high-growth North American cities. The agreement covers all new construction and all interior retrofitting and tenant related work.
With a current NYC portfolio of 25-million square feet of Class A commercial real estate office space, this agreement is estimated to bring in approximately 18 million work hours to the New York City District Council of Carpenters. These numbers are also expected to increase as Brookfield acquires and develops new buildings throughout New York City--all of which is now guaranteed to be built 100% union.
“It not only guarantees our members work through the good or the bad times, this unprecedented agreement also secures hard working New Yorkers’ healthcare and pensions,” McInnis added.
With more than 20,000 members in eight locals, the New York City and Vicinity District Council of Carpenters is one of the largest, most powerful trade unions in the construction industry.
Monday, January 20, 2014
NYC CARPENTERS RATIFY HISTORIC AGREEMENT THAT SECURES JOBS FOR THE NEXT 20 YEARS
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