WASHINGTON, May 23, 2016 /PRNewswire-USNewswire/ -- On Wednesday, May 25, the International Brotherhood of Teamsters will host a conference call to discuss the immediate and long-term impact of recent strikes at US Foods' [NYSE Reserved Trading Symbol: USFD] broadline distribution warehouses across the country and ongoing strikes in Baltimore/Washington, D.C. Workers at US Foods' Severn, Md. facility are now on their third week of picketing, which will extend to multiple Teamster-represented locations across the country for the foreseeable future.
US Foods is jointly owned by private equity firms Kohlberg Kravis Roberts & Co., L.P [NYSE: KKR] and Clayton, Dubilier & Rice, LLC, who formally initiated an initial public offering of the company on May 13, 2016.
"We are stunned US Foods management is asking investors for money in the midst of repeated and sustained work actions against the company," stated Steve Vairma, Teamsters International Vice President and director of the Teamsters' Warehouse Division. "We're now entering our fourth week of work actions and they will continue until management meets us at the table with real, substantive proposals to renew or resolve contract disputes at 18 Teamster represented U.S. Foods warehouses."
With more than 4,000 members at 29 of the company's 59 broadline facilities, and as representatives of members at key regional competitors, the Teamsters Union has a rich understanding of the foodservice industry.
WHO: Steve P. Vairma, Teamsters International Vice President, Director, Warehouse Division
Alan Meyers, (moderator) Senior Capital Market Analyst, Teamsters Capital Strategies Department
WHAT: Investor, industry analysts and reporter call on US Foods IPO
WHEN: 2 p.m., ET, Wednesday, May 25
To preregister, please email: firstname.lastname@example.org
Ted Gotsch (202) 624-6911
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SOURCE International Brotherhood of Teamsters