Teamsters: KeyBank Ethically Bankrupt
December 12 2008 - 5:48PM
PR Newswire (US)
National Radio Ad Highlights Bank's Financing of Worker Abuses
WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- The Teamster's Union
launched a nationwide radio ad on Air America today condemning
KeyBank (NYSE: KEY) for betraying taxpayers and for financing Oak
Harbor Freight Lines' labor abuses. Oak Harbor workers in Oregon,
Washington and Idaho were forced to strike Sept. 22 to protest the
freight company's violations of U.S. labor laws, as well as hostile
efforts by company representatives to intimidate workers. A day
later, Oak Harbor took the extraordinary step of cutting off health
benefits to its workers and retirees. Cleveland-based KeyBank,
which is set to receive $2.5 billion from the Troubled Asset
Recovery Program (TARP), is on the board of several mortgage
industry associations that lobbied to stop a Senate bill that would
have prevented well over half a million home foreclosures. KeyBank
also serves as the principle financial institution for Oak Harbor
Freight Lines. "KeyBank's irresponsible decisions are putting
working families in a bind," said Margaret Butler, the Director of
Portland Jobs with Justice, who led a protest at KeyBank's main
branch in Portland last week as part of Jobs with Justice's
"People's Bailout" National Week of Action. "At this moment of
crisis, KeyBank needs to extend relief to working Americans instead
of financing a rogue company like Oak Harbor that has broken U.S.
labor law and violated international labor standards during a
3-month strike in the Northwest." "Momentum is growing against
KeyBank's support of Oak Harbor," said Al Hobart, President of
Teamsters Joint Council 28 and International Vice President. "We
are going to continue to take our message to the public and inform
them of the anguish KeyBank is causing American workers and
families." The Teamsters' radio ad will run on the national radio
network Air America, and is expected to reach at least 1.6 million
listeners. Air America is also available online at
http://www.airamerica.com/. To listen to the radio ad, follow this
link: http://www.teamster.org/popupContent.aspx?id=26436 The full
text of the radio ad follows: (Little Girl): KeyBank has no
loyalty: Bank penalties, Expensive fees. They support Oak Harbor's
greed On the West Coast. Sooo... Take KeyBank and lock it up, What
a chump, Lock it up. We're in a financial slump. KeyBank's
heartless. (Narrator): It's no wonder KeyBank finances Oak Harbor
Freight Lines. After all, Oak Harbor violated workers' rights and
cut off health care for retired employees. Tell KeyBank to stop
playing kiddy games and get serious about workers and their money.
This ad was brought to you by the Teamsters Union. The
International Brotherhood of Teamsters was founded in 1903 and
represents 1.4 million hardworking men and women throughout the
United States, Canada and Puerto Rico. DATASOURCE: International
Brotherhood of Teamsters CONTACT: David White of International
Brotherhood of Teamsters, +1-202- 624-8730, Web Site:
http://airamerica.com/
Copyright