That job bank ended in the 2005 contract and no longer exists.
Next?
You didn't print the full quote on that. That article is about Transition Assistance payments- basically 50% of the wage, while you retrain to a different field. The Union has nothing to do with that program- that's a U.S. Dept of Labor program that gives workers 50% of their pay after they lose jobs due to North American Free Trade agreement.B.
http://www.wkowtv.com/Global/story.a...nav=menu1362_2
'The job bank would provide laidoff GM workers with an extra two years of pay after the plant closes.'
And the full quote was this:
"That's especially important for workers there, since the United Auto Workers offered to eliminate the job bank in order to save the auto industry. The job bank would provide laidoff GM workers with an extra two years of pay after the plant closes."
The point of the quote is that Janesville Wisconsin workers are trying to qualify for Transition Assistance under the NAFTA Transition Assistance Prgram (50% of wages for a short period of time,) which is better than nothing at all, because the UAW offered to eliminate entirely the remaining jobs bank program if that is what would cut the deal for the loan. "That is especially important for the workers there, since the United Auto Workers offered to eliminate the jobs bank in order to save the auto industry."
The 12,000 was how many jobs were cut in 2004, and were in the jobs bank in 2005, the time of that article. Those people are all no longer employed, and no longer in the jobs bank. Today, Chrysler has 711 workers in the jobs bank, GM has 1,404 and Ford has 1,476. Those in the jobs bank get 95% of wages for up to a year, while they try to find other jobs within the big three that come open. During that time, they do not collect unemployment. If a job comes open anywhere in the country, and they turn it down, they lose that jobs bank benefit. And the UAW offered to eliminate the jobs bank, if that is what it would take to close the deal.
C.
http://www.detnews.com/2005/autosins...A01-351179.htm
Jobs bank programs -- 12,000 paid not to work
P.S. I'm a due-paying union member and drive a 1993 Chevy everyday !
I am glad you pay union dues and drive a Chevrolet.
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