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July 25, 2007

Labor talks may tiptoe around jobs bank

To many outside the auto industry, getting rid of the so-called jobs bank — a job-security program that continues to pay union workers almost their entire salaries even if there isn't work for them — seems like a no-brainer.

But as talks on new contracts open between the Detroit automakers and their biggest union, the United Auto Workers, it appears the jobs bank may not be a negotiating issue this time around, according to USA Today.

The automakers are focused on slashing health care costs, and the union has made it clear that job security is not something it will give up easily.

Posted by   at 12:39 PM to Unions | Permalink

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Peter C. T. Elsworth
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