Wall Street Journal: Concessions Foreshadow a Tough Year for Unions
January 6, 2009
The Wall Street Journal reports that unions are forgoing previously negotiated wage increases and reopening contracts early as they face employer pressures (both public and private) to help save cash during the recession. A number of large union contracts are set to expire in 2009, which labor experts predict will result in large scale downward pressure on bargaining due to the economy.