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UAW agrees to suspend GM job banks on Feb 2

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 of supplemental pay from GM and can apply for unemployment, the total of which should come to 72% of their former pay. The move potentially leaves Ford's jobs bank as the only one left running, but Ford has yet to comment on its status. [Source: The ... Read more →

Chrysler job bank going on hiatus Monday Jonathon Ramsey

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 ...

Who says the Japanese don't have a jobs bank? Sam Abuelsamid

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 ...

UAW agrees to suspend Jobs Bank, postpone VEBA contributions John Neff

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 ...

UAW president Ron Gettelfinger reelected Erin Mays

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. ...

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American Axle looks to shake loose "job bank" 3 years ago on Autoblog

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 ...

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