WASHINGTON — UNITE HERE, the Service Employees International Union and Workers United, the main apparel and textile union, have settled a contentious, 18-month dispute that will likely transfer ownership of Amalgamated Bank, the only union-owned bank in the country, to the apparel workers who founded the bank and their union.
But the settlement will cede control of the apparel workers union’s former headquarters on Seventh Avenue in Manhattan to UNITE HERE, the hotel, gaming and food services union. The transfer of ownership of Amalgamated to Workers United must be approved by a federal regulator under the agreement.
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