Sentences with phrase «wage concessions»
"Wage concessions" refers to an agreement where workers accept a reduction in their wages or benefits in order to help their company financially. Full definition
Plants that do not move will gain further wage concessions from their employees.
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Without massive wage concessions in Mexico, NAFTA will never pass Congress even if a Democratic majority is elected this fall.
GM has sought wage concessions from the union as well as government funding and incentives to save its remaining three South Korean factories.
GM, which in February announced its plan to shut down one of its plants in Korea, wants wage concessions from its labor union as well as...
It is seeking government funding and incentives as well as wage concessions to save the unit, which just posted an annual net loss of $ 1.1 billion, its fourth straight year in the red.
And if wage concessions by Mexico are dramatic, it will never pass Mexico's Senate either.
«It would also probably motivate the employer to try to get wage concessions.»
So far, his tenure has entailed cutting salaries across the board by 10 percent; imposing $ 81 million in wage concessions; and announcing a new state - run educational authority to oversee Michigan's lowest - performing schools that will pilot in Detroit next year.
Over the past several budget years we have asked employees and unions for wage freezes or wage concessions and more than half of our staff has taken these.