Plumbers, Local 49, and Pipefitters, Local 392, Cincinnati, expect to...

Plumbers, Local 49, and Pipefitters, Local 392, Cincinnati, expect to merge by June 1, becoming Plumbers & Pipefitters, Local 392, said R. Allen Folz, administrator for Plumbers. The new local will have combined pension assets of $318 million; the change may require new managers, he said. Plumbers’ consultant, Merrill Lynch, is assisting with the merger. Smith Barney is the Pipefitters’ consultant; the future of both consultants is undetermined, said Mr. Folz.