Strike Pay

(redirected from Strike fund)
Also found in: Dictionary, Thesaurus.
Related to Strike fund: strike pay

Strike Pay

Wages provided by a union to members while they are on strike. In a strike, union members do not come to work as a form of protest. However, this deprives them of the wages and benefits that they otherwise would have received, which increases the likelihood that people will go back to work prematurely and the strike will fail. Strike pay helps reduce this risk. See also: Strike benefits.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in ?
References in periodicals archive ?
While Sutomo frequently spoke of workers' right to strike and of the need for labour unions to have strong strike funds, it is clear that he was convinced that the basic conditions for successful strikes were lacking in colonial Indonesia.
According to the CUPE Ontario Division, the major issues in dispute are its under-representation on the National Executive Board (with 42 per cent of the members, Ontario has four out of 23 positions) and access to the national strike fund to finance bargaining-related campaigns.
* donated $200 to the Wilcox Hospital Nurses strike fund of the Hawaii Nurses Association
From as far as San Diego, teachers collected cash for the strike fund. And other unions lent their support even the air conditioning repairmen refused to cross their line!
On the other hand, a strike fund has collected more than $4,000, which helps with groceries and rent.
It was an easy strike to organize because the average adjunct wage was $180 per week, while the union strike fund paid $200, essentially giving adjuncts a $20 raise.
Could you therefore refund the part of my NZNO fees that is paid to the CTU and place them in a strike fund for nurses?
In Year 2, the members contemplated replacing the credit line with their own internal strike fund, to provide certain advantages (e.g., guaranteed access to market-rate loans, elimination of expensive borrowing fees and conditions imposed on the previous bank borrowings).
He said: "In days gone by, if the firefighters had been out on strike against the Thatcher or the Major governments, Labour MPs would be signing bankers' orders to pay into their strike fund out of their own monthly salaries."
The union plans to use some 100 million yen of the 350 million yen strike fund to purchase company stock, a sum that will enable it to take some 54,700 shares or 0.27% of all outstanding shares on the basis of Mycal's closing price of 117 yen on the Tokyo Stock Exchange on Monday, they said.
They have a huge strike fund, which obviously, would be helpful in the event of a nationwide strike against General Electric.