HARTFORD, Conn. (Joseph Saveri Law Firm PR) — The Joseph Saveri Law Firm, one of the country’s leading antitrust firms, filed a class action complaint Friday against Pratt & Whitney and other aerospace companies, alleging those companies entered and maintained no-poach hiring agreements for nearly a decade, if not longer. Pratt & Whitney is a subsidiary of Raytheon Technologies Corporation.
No-poach agreements are agreements between otherwise competing employers not to recruit or hire one another’s employees. No-poach agreements are usually kept secret, creating information imbalance, and preventing employees from negotiating higher salaries and more favorable employment terms. For these reasons and others, no-poach agreements are inherently illegal under United States antitrust laws. They are detrimental to labor markets as they suppress employee compensation and reduce job mobility for workers.(more…)
- Parabolic Arc
- January 10, 2022