Jos. A. Bank reaches agreement with union


February 21, 1997

Jos. A. Bank Clothiers Inc. said yesterday that it had reached an agreement with its union that guarantees the jobs of current employees for at least three years.

The company could be looking to shut down a plant on North Avenue in Baltimore in 1998, when the union contract expires but has chosen instead to keep it open, said Tim Finley, chairman and chief executive officer of Bank.

The union has 400 members, most of whom work in the North Avenue plant, Finley said, "It is a very experienced factory" with workers who had made concessions during the company's tough times. "As long as it is economically feasible to keep it open, we should," he said.

In a statement issued yesterday, Carmen Papale, local head of U.N.I.T.E., said, "We are thrilled when we can save jobs for membership and be an important part in the success of our members' welfare and Jos. A. Bank.

"It is the first time that employment has been guaranteed for the life of a clothing contract."

Many U.S. retailers have closed factories in the United States and moved production overseas.

Pub Date: 2/21/97

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