MADISON, Wis. — The Office of Professional Employees International Union Local 39 has approved a new four-year contract with CUNA Mutual Group that focuses on what the union said was its No. 1 concern: job security.
Negotiations between the union and CUNA Mutual started on Feb. 12, and the agreement was announced on April 23. The contract includes two new components proposed by the union that aim to improve job security. One is a buyout program made available to longer service employees, giving them the option to choose one of two payment options. The other is a 12-month moratorium on reductions in workforce.
"CUNA Mutual had laid off over 400 of our members since the last contract, we wanted to offer our members an opportunity that if they wanted to leave they could," said Debi Eveland, business agent for the union. "Job security was our No. 1 priority. We are hoping that between the moratorium and the buyout program, we have put layoffs behind us.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
