Economic Crisis Gives Cos. Edge In Labor Talks

Law360, New York (September 29, 2008, 12:00 AM EDT) -- Market volatility and uncertainty surrounding the passage of the Bush Administration's bailout bill have raised the stakes for labor relations in the United States, at a time when companies are already feeling the pinch of declining sales, tightening credit and an ever growing unfunded pension liability.

The current anxiety over the economy is likely to put a strain on collective bargaining, according to lawyers, with employers reluctant to agree to terms that might limit their flexibility and unions desperate to shore up job security as companies...
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