Business: Labor v. Stevens

Union clout hits banks

For 15 years, organized labor has tried everything it could think of to crack J.P. Stevens & Co. Inc., the nation's second largest textile maker and citadel of Sunbelt antiunionism. It has used direct organizing campaigns, protests to the National Labor Relations Board and the courts, demonstrations at annual meetings of Stevens stockholders and an attempted nationwide boycott of Stevens products. Nothing has worked. Now the Amalgamated Clothing and Textile Workers Union is trying a new pressure tactic: isolating Stevens from its friends in the business and financial community....

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