Florida union leaders say they will pull money from banks
04/27/2011 12:01 pm
This past week, the Orlando Sentinel ran a story,
"Unions pull money from Florida Chamber Banks," that showed Central Florida labor leaders were planning to pull their money out of five banks that support what they call "union-busting" legislation.
Instead, the leaders said they will move their money to community banks and credit unions. They also said they're advising thousands of union members to make the switch as well.
Unions representing police, firefighters, teachers and white- and blue-collar workers announced at a news conference they will pull funds from Bank of America, PNC, Regions Bank, SunTrust and Wachovia.
Each bank is represented on the Florida Chamber of Commerce, which is advocating a measure moving through the state legislature that would prohibit state and local governments from collecting union dues through payroll deduction.