When engaged in due diligence in a merger or acquisition where there are unionized employees, don’t forget to:
- Review all collective bargaining agreements, letters of agreement, and memorandums of understanding;
- Obtain a list of all open grievances, pending arbitrations, litigation involving unions, and cases awaiting decisions;
- Understand the issues with all open grievances, arbitrations, and litigation, including potential financial liability; and
- Meet, if possible with labor leaders so you have a better understanding of their issues and concerns.