The details of the buyout package Ford Motor is offering 75,000 union workers show the vestiges of the United Autoworker Union's might: full lifetime retirement benefits for workers 50 or older with 10 years of service and a $100,000 account for retirees to use on education for their children or spouses. But the deal also shows the union's weakening power, as it gets a good deal for members who are leaving their jobs forever. Union power is on the decline, although there is disagreement on the reasons.
September 18, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The details of the buyout package Ford Motor Co. is offering 75,000 union workers show the vestiges of the United Autoworker Union’s might: The package includes full lifetime retirement benefits for workers 50 or older with 10 years of service and a $100,000 account for retirees to use for the education of their children or spouses.
But the deal also shows what the union has been reduced to: Getting a good deal for its members as they leave their jobs forever.
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