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Similarly, research published by worker groups including the Private Equity Stakeholder Project and the Center for Popular Democracy claimed that, over the past ten years, private equity firms were directly and indirectly responsible for 1.3 million lost jobs.
Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy and other groups.
Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring.
“Let’s shame the corporate leaders standing by Trump by exposing the way they benefit from Trump,” says Ana Maria Archila, who, as co-executive director of the Center for Popular Democracy, is one of the campaign’s organizers.
Wall Street’s gamble on retail is responsible for the loss of more than 1.3 million jobs in total over the past decade -- an estimated 597,000 at retail companies owned by private equity firms and hedge funds, and another 728,800 indirect losses, according to a report released Wednesday by the Ce
In the Workplace
The Washington Post’s Abha Bhattarai reports, citing a report released Wednesday by worker advocacy groups Americans for Financial Reform and the Center for Popular Democracy.
Women and people of color have been disproportionately affected by the layoffs as debt-ridden retailers closed thousands of stores, according to the report by six progressive nonprofit organizations and workers’ advocacy groups, including Americans for Financial Reform and the Center for Popular
Private equity-owned retailers have laid off nearly 600,000 workers over the past decade even as the industry as a whole added 1 million jobs, according to a new report from the Center for Popular Democracy, Private Equity Stakeholder Project and other groups.
Over the past decade, 597,000 U.S.
Mientras, el abogado Julio López Varona, director de Campañas Comunitarias del Center for Popular Democracy, enfatizó en la importancia de paralizar los procesos de bancarrota en momentos de incertidumbre sobre quién será el próximo gobernador y los representantes de la Junta de Control Fiscal.