During the keynote panel at The Deal/TMA's Distressed Investing Conference 2008, panelists Michael E. Heisley of Stony Lane Partners and Michael Psaros of KPS Capital Partners LP both outlined the importance of making sure to deal with the unions when it comes to doing turnarounds and restructurings in the manufacturing sector.
"We have quite a bit of experience dealing with unions; their issues are very real," said Heisley. "I don't find it difficult in many cases; it's easier because you have the ability to get to key people who can make key decisions. We don't shy away from it, and in many cases welcome it." - George White
