TXU maintenance workers reach deal with TXU buyers, KKR and Texas Pacific Group
The International Brotherhood of Electrical Workers, representing TXU Electric Delivery workers, reached an agreement with the prospective buyers of TXU Corp, KKR and Texas Pacific Group, which have launched a US$32 billion leveraged buyout of the company. The agreement calls for the immediate suspension of a transmission and distribution joint venture planned by TXU and the scrapping of a proposed outsourcing agreement.
Continue reading: Jaime S. Jordan, ‘TXU maintenance workers reach deal with TXU buyers’, Dallas Business Journal,11 April 2007.
For background on organizing at TXU, see: IBEW Takes on Big Guns at Texas Utility and Wins 254 to 218 (20 December 2006)