Gm to end participation in uaw jobs bank
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The UNITED AUTO WORKERS will suspend its jobs bank program at GENERAL MOTORS next Monday, CNBC confirmed. The plan, which pays union members even when there is no work, was one of the
conditions for federal assistance to the automaker. The suspension of the jobs bank program will impact about 1,600 GM employees. GM, along with Ford and Chrysler, have been struggling to
reduce legacy labor costs in the face of declining consumer demand.