Monday, April 9, 2018

NYC Property Management Companies Readies For Strike As Workers' CBA Set To Expire

NYC property management companies and landlords throughout the city are preparing their occupants of impending strike by building employees as the collective bargaining agreement between the parties is set to run out on April 20th.  The possible strike cover employees in condos, coops and rentals throughout the city and involves over 30,000 workers in total.  The last time employees went on strike was 25 years ago.

The four-year agreement set to expire on April 20th covers doormen, porters, building laborers and supers.  According to Bisnowcompanies are already seeking volunteers from their residents to pick up the slack until an agreement can be reached between the parties.  The Realty Advisory Board is representing building owners and managers.  SEIU local 32BJ are representatives for the employees.  Their relationship of representation extends over an 80 year period.  They have already met 3 times and negotiations are heavily under way.

 “We hope for the best and prepare for the worst,” Realty Advisory Board President of Labor Relations Howard Rothschild told Bisnow. “We don’t want a strike, [but] we also want to plan in case something goes wrong … We want to communicate with our residents and let them know what’s going on.”  Mr. Rothschild states that the cost to an employer for an average doorman or porter is more than $85,000 in wages and benefits  and $91,000 for a maintenance worker.   Also covered is full family health insurance, pension and 401(k) which Mr. Rothschild says is the best benefits in the nation.  Local 32BJ says that compensation is more like $49,000.  Also, 32BJ President Hector Figueroa states  “The real estate market has been strong and profitable, and our members are a key part of what makes New York City apartment living so desirable. We hope to come to an agreement by the April 20 expiration date for a new four-year contract that preserves the good, middle-class jobs our members have fought for over 80 years of contract negotiations."

Blue Harbour Property Management is a full service NYC property management company servicing the boroughs of Queens, Brooklyn, Manhattan and the Bronx.  Whether it be a 1 bedroom condo or multi-family building we are able to assist our clients maximize their investments.

http://www.blueharbourpropertymanagement.com/nyc-property-management-companies-readies-for-strike-as-workers-cba-set-to-expire/

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