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Amory Blaine12/08/2015 2:28:09 pm PST

Menard’s contract threatens managers with 60% pay cut if union forms on their watch

It’s no secret that John Menard is opposed to unions. But the Progressive magazine has obtained a copy of a contract agreement between Menard’s home-improvement store chain and managers that enshrines the billionaire’s anti-union stance in company policy.

The Progressive published a story Tuesday with wording from the contract that threatens Menards store managers with a 60-percent pay cut if they allow employees to vote in a union.