REBNY criticizes concrete workers deal

New York /
Aug.August 17, 2011 06:31 PM

The Real Estate Board of New York strongly criticized a tentative deal
between concrete workers and an industry association
 that averted a strike last night, saying that the agreement won’t be enough to
stem a tide towards non-union construction, Crain’s reported. REBNY
also said that the agreement wouldn’t offer enough cost-savings for
developers. The deal involves wage increases of approximately 8 percent over
three years and a 20 percent wage reduction on hotel and residential
buildings of 16 or fewer stories, according to Crain’s.

REBNY had
hoped that the reduction could have extended to hotel and residential
projects of any size, since larger projects of REBNY members usually
use union members.

“From what I know, it doesn’t sound like they’ve
made any progress towards encouraging developers to not consider
nonunion work,” said REBNY President Steven Spinola. He said that with
the exception of buildings under 16 stories REBNY members would lose
business to non-union competitors. “What we’re trying to argue is, ‘My
members want to continue to build union, but help us compete.’” A
source told Crain’s that the deal has a provision allowing discounts
on other buildings on an individual basis. Both of the parties to the
agreement declined to comment. [Crain’s] 


Related Articles

arrow_forward_ios
John Banks
High expectations: A look at John Banks’ 4 years at REBNY
High expectations: A look at John Banks’ 4 years at REBNY
John Banks
John Banks to step down as REBNY president
John Banks to step down as REBNY president
REBNY Awards
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
From left: Eric Adams, Andrew Yang, Maya Wiley and Scott Stringer (NBC/YouTube)
Mayoral hopefuls waver on Local Law 97
Mayoral hopefuls waver on Local Law 97
Mayor Bill de Blasio and REBNY president James Whelan (Getty, Whelan via Anuja Shakya)
Business alliance urges de Blasio not to blow $22B federal aid windfall
Business alliance urges de Blasio not to blow $22B federal aid windfall
Leasebreak's Phil Horigan and REBNY's James Whelan (Linkedin, Facebook/REBNY, iStock)
REBNY to charge consumer sites for RLS feed
REBNY to charge consumer sites for RLS feed
Brokers’ overall confidence level is the highest it’s been since the fourth quarter of 2019. (iStock)
Broker confidence rebounds in the new year
Broker confidence rebounds in the new year
Queens Borough President candidate Elizabeth Crowley 
Queens candidate Crowley serves fake eviction notices
Queens candidate Crowley serves fake eviction notices
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...