Has reform done to the TEAMSTERS, once the nation's richest and most powerful union, what the Mob couldn't? The latest financial report prepared by the union's secretary-treasurer and obtained by TIME, shows that the scandal-plagued union may be down to its last dime. The report, dated Jan. 26, 1998, and covering the fiscal quarter ending in September 1997, shows only $702,000 left in union coffers. Insiders say Teamsters headquarters faces large-scale layoffs within the next week or two. Those layoffs and the as-yet-unpaid bills for the government's inept efforts to clean up the union are likely to further cripple the union,...
To continue reading:
or
Log-In
