JobsBank

The UAW idled Chrysler's jobs bank earlier this week, and as of February 2, the UAW and General Motors will shut down the job bank it also maintains for its workers. GM is paying the 1,600 workers currently in the system 85% of their on-the-job wages. As of February 3, they will receive a measure ...

The UAW jobs bank is a kind of employment limbo in which workers get paid a portion of their salary but don't work while they wait for their job to open up again. Last year, there were about 3,500 people in this so-called bank of jobs. It is the kind of benefit that can perplex an outsider, because ...

In recent weeks, as the CEOs of the Detroit automakers lobbied for a federal bailout to get then through the current financial crisis, one of the many criticisms that came up was the UAW "jobs bank." The jobs bank was devised back in the 1990s when the automakers ...

While Ford, General Motors and Chrysler all submitted plans to Congress yesterday that detail how much sacrifice they're willing to make in order to secure government loans, the United Auto Workers union waited until today to announce how it plans to contribute. UAW President Ron Gettelfinger met ...

Nobody saw this one coming... Ron Gettelfinger, ran unopposed and was reelected as the president of the United Auto Workers (UAW) at its 34th Constitutional Convention in Las Vegas. Alongside him on the slate were five vice presidents, three of which are expected to be named as ...

American Axle Manufacturing (AAM), one of General Motors' main suppliers, isn't bankrupt,but it is feeling financial pain from the 1,100 workers that it is currently paying not to work. A grand total of $75 million is spent by AAM each year to maintain its share of the United Auto ...