"Labor concessions" refers to compromises or adjustments made by workers or labor unions during negotiations with employers. These concessions usually involve giving up certain benefits, such as wage increases or decreased working hours, in order to reach an agreement that benefits both sides. It is a way to find a middle ground and maintain a favorable working relationship.
Full definition
Malloy said GOP proposals, which anticipate tens of millions more
in labor concessions, are «unrealistic.»
The Connecticut House of Representatives voted to approve a state employee
labor concession deal that's expected to save the state $ 1.5 billion over the next two years.
House Minority Leader Themis Klarides, a Derby Republican, says it calls for plugging the deficit by seeking
more labor concessions from state employee unions.
Gov. Andrew Cuomo this afternoon announced he had successfully garnered a host of
labor concessions from Council 82, the union that represents law enforcement — foreshadowing a larger battle Cuomo could have with larger unions like CSEA and PEF.
On the industrial side, VW has had a remarkable year, obtaining
important labor concessions in Germany, preparing the restructuring of its Brazil operations and investing in Russia.
The Connecticut Senate is scheduled to be back in session on Monday to vote on the $ 1.5 billion
labor concession deal reached between Democratic Governor Dannel Malloy and state employee unions.
The Senate Republican plan also relies heavily on labor savings, increasing the amounts proposed in an earlier GOP budget plan by $ 258 million in additional unspecified savings generated
through labor concessions in fiscal 2018 and $ 405 million in 2019.
Malloy is also negotiating with the state employee unions to get $ 700 million
in labor concessions to help bring down the deficit in the budget.
Governor Malloy has said he won't be seeking
more labor concessions than the $ 1.5 billion reached in the agreement.
For two years, Mayor Luke Bronin has fashioned his city budgets from a mix of steep cuts,
labor concessions and, at times, layoffs as he pleaded with state lawmakers for more money.
Aresimowicz said the biggest difference between the budget proposals put forth by Republicans and Democrats is the amount of money that is expected to be saved through
labor concessions.
Mangano also proposed savings of $ 60 million next year, and an additional $ 60 million in 2012, for an annualized savings of $ 120 million a year in later years, from «
labor concessions and early retirement.»
Labor concessions are a big part of Malloy's ongoing budget negotiations with the Republican and Democratic leaders of the state General Assembly.
Connecticut lawmakers are likely to a vote on
the labor concession deal during their veto override session scheduled for next Monday.
Unionized state employees in Connecticut have voted overwhelming to approve
a labor concession deal that's expected to save the state $ 1.5 billion over the next two years.
Republicans in the Connecticut Senate announced on Wednesday that they are rejecting
a labor concession agreement negotiated by Democratic Governor Dannel Malloy and state employee union leaders.
He says that's why the state has begun sending layoff notices to some 1,100 employees — just in case
the labor concession fall through.
At the same time, the SRC asked the city for $ 60 million in additional funding, the state for $ 120 million, and its unions for $ 133 million in
labor concessions.
Even with
the labor concessions being discussed, GM's cost structure will remain higher than most of its competition.