Despite concerted efforts, monopoly bargaining costs have forced HealthBridge Management, LLC, to file for Chapter 11 Bankruptcy, thanks to SEIU Local 1199 union bosses’ outrageous demands. Jason Oliva has the story in seniorhousingnews.com
Management LLC has filed for Chapter 11 bankruptcy protection for five of its Connecticut nursing home facilities, citing employee pension and benefit costs threaten future operations.
The filing is HealthBridge’s latest move in its the ongoing dispute with the National Labor Relations Board (NLRB) over employee contracts.
In 2011, HealthBridge failed to reach an agreement in negotiating contracts, claiming it cannot afford to comply with conditions under the expired 2004 agreement.
Workers belonging to District 1199 of the New England Health Care Employees responded with a strike, one that has lasted since July 2012 while HealthBridge and labor unions spent more than a year and a half prior to then trying to reach a deal.