Advertisement

LABOR

Share
From Times Staff and Wire Reports

Teamsters to Levy Extra Dues, Cut Spending: The executive board decided to cut the union’s expenses at least $10 million and to assess each of its 1.5 million members another $1 a month until the organization’s net worth, currently about $15 million, is restored to $25 million. The board also voted to suspend strike benefits in the meantime and to reconsider a program that allows thousands of local union officials to collect double pensions. Teamsters President Ron Carey has pushed reforms to head off financial disaster in the face of declining membership, frozen dues and soaring expenses.

Advertisement