Where can I get more information about UAW give jobs bank revive auto?
UAW may give up jobs bank to revive auto loans DETROIT (The Detroit Free Presss) – The UAW is negotiating the possible elimination of its controversial jobs bank and is considering other concessions to help Detroit’s automakers win low-cost loans from Congress, people familiar with negotiations said late Thursday. Union officers from several locals said they did not know if the concession had been made but expected the jobs bank to be ended as part of a package of shared sacrifice when the automakers and UAW President Ron Gettelfinger return to Congress early next month. The jobs bank pays laid-off workers, sometimes for years. The disclosure came after Congress kicked back the cash-starved U.S. automakers’ urgent pitch for a $25-billion rescue Thursday, saying executives failed to convince lawmakers and the public that the industry knew how to fix itself. Democratic leaders demanded that automakers submit plans by Dec. 2 for how the loans might be used to transform them into viable co
