What is an Official Strike?
How Does an Official Strike Work?
For example, let's say that the unionized workers of Company XYZ feel that they are underpaid. They have a meeting, and a majority of the union members vote to strike. The workers cease going to work, opting instead to picket outside the company until the management meets their demands.
Why Does an Official Strike Matter?
Official strikes are negotiating tactics with legal protections for striking workers. They are very controversial because in some cases, a strike can force the parties to negotiate more in earnest; in other cases (as with Twinkies maker Hostess Brands in 2012, for example), a strike can be the final blow anda company (and all of its workers) out of business.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.