March 7, 1997
EBSA Press Release: Labor Department Cautions Financial Firms To Stop Using Employee Benefit Plans In Negotiating Corporate Sales [03/07/1997]
Archived News Release — Caution: Information may be out of date.
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Financial institutions may not use employee benefit plans as bargaining chips in negotiations to sell their subsidiaries or divisions, warned the U.S. Department of Labor's Pension and Welfare Benefits Administration (PWBA).