N.Y. Stock Exchange Clerical Workers Strike Over Pensions
Clerks who handle the blizzard of paper work on the New York Stock Exchange went on strike today, leaving non-strikers and supervisors to keep the troubled market’s tickers running on a high-volume day.
Officials vowed that the nation’s largest stock market, which has been struggling since its record “Black Monday” plunge Oct. 19, will not be disrupted by the walkout.
The union, which is seeking more favorable pension terms, represents about 1,400 clerks, trading floor reporters and other personnel who handle the immense load of trading at the exchange, its subsidiary, the New York Futures Exchange, and the Securities Industry Automation Corp.
The union said the strike is 80% effective. No talks are scheduled.
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