NYSE:PRGOPharmaceuticals
A Fresh Look at Perrigo’s (PRGO) Value as Labor Strike Raises Operational Questions
Perrigo (NYSE:PRGO) is back in the headlines, and this time it may have an impact that investors cannot ignore. A group of 190 Teamsters Local 210 members walked off the job at the company’s Bronx manufacturing facilities after Perrigo proposed to end both overtime pay protections and contributions to workers’ retirement plans. With the union contract expired and negotiations set to continue next week, the strike puts a spotlight on Perrigo’s labor relations just as operational stability is...