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FMCS Statement on Tentative Agreement Between Riverbay Corporation and OPEIU Local 153

 
 
Release Date: 6/13/2014

WASHINGTON, D.C. -- The U.S. Federal Mediation and Conciliation Service today issued the following statement on the labor negotiations between the Riverbay Corporation and the Office Professional Employees International Union (OPEIU) Local 153:

A tentative, five-year labor agreement was reached last night between Riverbay Corporation and the Office Professional Employees International Union Local 153 (OPEIU).

The agreement, a collaborative effort between management and the union, will increase the standard of living for the union's members while at the same time provide cost-saving mechanisms for the residents of Co-Op City.

The agreement is subject to ratification andapproval by the Board of Directors of Riverbay and the union membership.

"I am extremely pleased to announce that the parties have reached a tentative agreement,” said Peter Donatello, mediator with the Federal Mediation and Conciliation Service. "In doing so, the parties have successfully concluded lengthy and complex negotiations concerning a multitude of economic and job related issues."

Donatello expressed appreciation to the parties for their dedication and hard work during negotiations. “Management attorney and chief spokesperson Scott Trivella along with union representatives Seth Goldstein and Q.A. Murid Allah should be commended for their commitment to the bargaining process,” Donatello said.

In keeping with its longstanding practice, the FMCS will not release details of the settlement agreement.

For a PDF version of the FMCS statement, click here.