The SEIU and UNITE-HERE have settled up. Made peace. Cut ties.

According to the press release from the SEIU:

“The Service Employees International Union (SEIU), Workers United and UNITE HERE today announced a settlement agreement on behalf of the unions’ members and elected leadership that will bring to a close the protracted dispute between the unions. […]

The agreement provides clarity and resolution to a divisive issue in labor, and at the same time, enables each union the opportunity to increase its focus and resources on addressing the larger problems faced by members and workers who have no union.”

The equally generous statement (with a side of smarmy) John Wilhelm:

I am pleased to report we have reached a binding agreement with SEIU that brings an end to nearly two years of hostilities. I credit new SEIU President Mary Kay Henry for personally devoting her energy to making this agreement.  For the sake of workers and the labor movement, I hope that this is the first step in making SEIU the great Union it can be under her leadership. […]

And it restores to UNITE HERE the bulk of the financial assets that have been tied up in federal court, including the Manhattan real estate. UNITE HERE and SEIU agreed to seek approval from federal regulators to transfer ownership of the Amalgamated Bank to SEIU-affiliated Workers United.

The Amalgamated Bank, which UNITE brought to the table so willingly six years ago when merging with HERE was probably the grand prize in this labor war, and the SEIU won. Some would say that acquiring it was the goal along. Just ask Bruce Raynor, who according to Mary Kay Henry was integrally involved in the negotiations.