Garment workers union Workers United is objecting to HMX Group's sale proposal, saying that it "would breach critical worker job protection provisions that are contained within the existing collective bargaining agreement," Dow Jones DBR Small Cap reported today. Workers United, which represents 1,100 workers at HMX's factories, said in court documents that the proposed purchase of HMX Group by intellectual-property company Authentic Brands Group does not necessarily require that company to assume the collective-bargaining agreement. The deal separates the intellectual property from the physical assets, including the factories, the union said, which makes it uncomfortable with the proposal.
