GM’s “job bank” will come to an end.
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GM’s “job bank” will come to an end.

Through the “jobs bank” program created by the United Auto Workers, union members receive pay even when they are laid off (with no real cut off date).

Each automaker’s jobs bank varies, but at GM, laid-off workers could get 85 percent of their base pay, plus benefits, without reporting to work while the company tried to find them jobs elsewhere. Or workers could get full pay by reporting to a factory or union hall, where they could be called upon to perform community service or tasks around the plant.

Starting Monday the 1,600 people who are currently receiving the benefit from GM will be forced into the unemployment line. And while they have been able to stay in the jobs bank for years, unemployment usually only lasts around 48 weeks.

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Jeremy
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