Saturday, August 18, 2012

Caterpillar Union Bows to Demands

JOLIET, Ill.?Striking workers at a Caterpillar Inc. factory here ended a 3? month strike Friday, bowing to demands they accept reduced health-care and pension benefits and wage freezes for veteran workers.

The vote to return to work is the latest sign that unionized employees have little power to buck employers' demands for concessions. High unemployment is making workers wary of risking their jobs, and Caterpillar and other companies that have historically offered generous union contracts have shown they are willing to shift production away from areas where unions are strong.

"We really got nothing," said Joe Johnson, 19-year veteran of ...

Source: http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7011/~3/Z1euNFVMqcE/SB10000872396390444375104577595342394784960.html

proposition 8 ricky martin chauncey billups caucus results exton ricky williams kurt warner

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.