Monday, February 05, 2001

What do Union's want? Amazon recently fired about 1,300 jobs. As part of their labor agreement, they asked some employees to sign non-disclosure agreements to prevent them from badmouthing the company, and in return, offered those that signed more money.

Unions agitated against this, and got it rescinded.

My question is -- how did the Union action serve the employees? Although it might be nice to vent against someone who fired you, if push came to shove I would rather have an extra couple of thousand dollars in my pocket. So now, no one has to sign an NDA, and no one is getting the extra bonus. But I don't see how benefits from this. Read the whole story here.

NB. Amazon is also interesting because it set up a trust fund of stock, whereby laid off employees may benefit from some of the stock market bounce they helped create by getting fired.


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