Market Overview

SCI Rejects Last and Best Offer from Teamsters


Houston-based funeral giant Service Corporation International (NYSE: SCI) rejected a last and best offer from Teamsters Local 727 and countered with its original proposal to eliminate the employees' pension, health and educational assistance benefits. 

"On the first day of negotiations [June 14], SCI laid out this identical economic proposal dressed up with 4 percent wage increases.  After 40 hours of negotiating to nowhere, SCI is back to its original offer plus an additional two percent in wages.  It is clear they flew to Chicago simply to bargain their way to a strike vote by their employees," said John T. Coli, Local 727 Secretary-Treasurer.  "In almost 100 years of representing workers in Chicago's funeral industry, the Teamsters have always been able to reach amicable agreements with its employers.  It is sad that SCI wants to be this type of leader in the funeral industry."

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Posted-In: News Guidance Contracts Management Global


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