EA Employees and Union Protest $55 Billion Saudi-Backed Acquisition
By
ksec
The kind of bagel that ruins lesser bagels for you.
Summary
EA employees and the Communications Workers of America union are protesting against a proposed $55 billion private acquisition of Electronic Arts by Saudi-backed investors. The union claims workers were not represented in negotiations and argues that any resulting job losses would be a choice to benefit investors rather than a business necessity. The acquisition was announced in late September, and the union has formally petitioned regulators to intervene.
Key quotes
· 3 pulledEA employees and the Communications Workers of America union have issued a statement against the proposed private acquisition of the company
they were not represented in the negotiations
any jobs lost as a result would 'be a choice, not a necessity, made to pad investors' pockets'
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