Teamsters Applaud Introduction of Bipartisan Corporate Bankruptcy Reform Legislation

Legislation Would Put Workers, Retirees Ahead of Executives During Bankruptcy

(WASHINGTON) – The Teamsters Union commends Sen. Dick Durbin (D-Ill.) and Sen. Josh Hawley (R-Mo.) for introducing the Protecting Employees and Retirees in Business Bankruptcies Act in the U.S. Senate, which would correct abuses of the corporate bankruptcy process that rob employees and retirees of their hard-earned wages, benefits, and retirement savings.

“Corporate bankruptcy law in the U.S. is a joke,” said Teamsters General President Sean M….