The United Auto Workers union is considering hiking membership dues by 25 percent, the first increase since 1967, as it faces dwindling membership and rising costs, a top UAW official and several union sources said. The UAW, the richest U.S. union with $1 billion in assets, is also one of the most politically influential, contributing to the campaigns of Democratic politicians from the state level to presidential candidates. UAW leaders are considering increasing dues to the equivalent of 2.5 hours per month, up from two hours per month for hourly workers in the automotive industry as well as governmental, nursing, academic and other fields represented by the union, several people familiar with the discussions said. Jimmy Settles, UAW vice president and the top union official for workers at Ford, emphasized that the rise in dues is "only in the discussion phase.
via Business News - Yahoo Finance http://finance.yahoo.com/news/exclusive-united-auto-workers-considers-011316844.html
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