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

Jun 13, 2014, 15:14 ET from Federal Mediation and Conciliation Service

WASHINGTON, June 13, 2014 /PRNewswire-USNewswire/ -- 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 and approval 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.

The Federal Mediation and Conciliation Service, created in 1947, is an independent U.S. government agency whose mission is to preserve and promote labor-management peace and cooperation. Headquartered in Washington, DC, with 10 district offices and 67 field offices, the agency provides mediation and conflict resolution services to industry, government agencies and communities.

SOURCE Federal Mediation and Conciliation Service