January/February 2024
Feature Article
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U.S. Labor Relations and the Potential Impact on Turnaround Strategy
Unions and the agency that governs them—the National Labor Relations Board—have seemingly dominated headlines more in the last three years than they have in the last three decades. The ongoing nationwide union organizing drive at Starbucks has fueled renewed interest in unions and exposed a new generation to the pitch of organized labor, which had […]
More from this Issue
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Turnaround Professionals in a Changing Labor Market
Labor resilience in the teeth of monetary policy and COVID-19’s effects on white-collar work are driving systemic changes in society. Low unemployment, a declining domestic birth rate, and contention on immigration at any level of employment are driving macro trends. As guest editor for this month’s Journal of Corporate Renewal, I reached out to a […] -
Setting the Table for Success
By the time you are reading this, many of you will have ignited the moment that so eloquently kicks off our TMA year—and this year will be no exception to the defining table-setting conference of the year, the 2024 Distressed Investing Conference. In 2024, our conference moves into one of the most actionable of experiences, […] -
Keeping Busy Building TMA’s Tomorrow
After all the New Year’s celebrations are over and the holiday lights and decorations are back in storage, winter’s last few months can be difficult for plenty of people. But not me. Beginning my year as the 2024 TMA Global President, I’m excited and honored to be leading our organization in what promises to be […] -
U.S. Labor Relations and the Potential Impact on Turnaround Strategy
Unions and the agency that governs them—the National Labor Relations Board—have seemingly dominated headlines more in the last three years than they have in the last three decades. The ongoing nationwide union organizing drive at Starbucks has fueled renewed interest in unions and exposed a new generation to the pitch of organized labor, which had […] -
Union Avoidance: What Turnaround Specialist Must Do
Turnaround specialists deal with countless challenges, both internal and external, when trying to assist organizations find their footing and stability. But one challenge that many of those specialists probably haven’t thought about much until recently is labor union organization. According to the National Labor Relations Board, in fiscal 2022, there were 1,249 union elections, a […] -
Calm After the Storm: Practical Tips for Restoring Culture After a Strike
Happy families are all alike; every unhappy family is unhappy in its own way. Tolstoy’s opening line of “Anna Karenina” could easily describe the challenges facing companies and unions after a strike ends. Almost a half-million workers were called out on strike in 2023, which has been dubbed the year of the strike. As each […] -
Cemex Changed the Game
On August 25, 2023, the National Labor Relations Board issued a decision in Cemex Construction Materials Pacific LLC, announcing a new framework for determining when employers are required to bargain with unions without a representation election. Under the new framework, when a union requests recognition on the basis that a majority of employees in an […] -
What to Know Before a Union Knocks on the Door
All too often, managers of businesses continue along a path believing workers are very productive, well compensated, enjoying great benefits, and happy. -
Making the Tough Call on a Leader
Good CEOs can become paralyzed when they have a senior executive who they know needs to exit the organization. -
Current Labor Market’s Implications for Turnaround Management
In my 45 years as a professional economist, human resource economics has been an important part of that experience. -
Newcomers: January/February 2024
New Members for January/February