Workers Rally to Fight Potential Fingerhut Closing

Share this article:
About 300 people demonstrated at Federated Department Stores Inc.'s Cincinnati headquarters Friday to protest the possible closing of Fingerhut, The Associated Press reported.


The Union of Needletrades, Industrial and Textile Employees of St. Cloud, MN, led the demonstration. Union president Bruce Raynor said Fingerhut was profitable before Federated purchased the company for $1.7 billion in 1999.


"We want them to do the right thing," Raynor said. "We want Federated to leave Fingerhut the way they found it -- as a viable company."


Fingerhut workers from Minnesota and Tennessee, as well as local union members, reportedly shouted "No justice, no peace." Some held signs stating: "Federated sell Fingerhut not liquidate."


Federated said in January that it would close Fingerhut if a buyer did not materialize.


The AP reported that Federated said in a statement Friday that it is continuing negotiations to sell Fingerhut to Business Development Group Acquisitions, Wayzata, MN. It also said it is willing to sell the company in parts.


"Union members have actively interfered in that process and attempted to discourage such potential buyers from further talks with Federated," the statement reportedly said.


Fingerhut, Minnetonka, MN, had 6,000 employees, including 4,700 in Minnesota and 1,300 in Tennessee. The union represents 1,500 Fingerhut workers.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.