According to the USW, the union is well prepared for a lengthy strike. But the numbers tell a different story.
The USW says it has some $150 million in its “strike and defense fund,” and the fund is set up to pay each striking worker $100 per week ($115 after the 10th week). That kicks in after the fourth week of a strike.
Currently, there are some 15,000 Goodyear workers on strike. Assuming the Steelworkers enter no other strikes or other job action in the foreseeable future, the USW strike fund will run out approximately 90 days after payments begin – approximately four months.
Under the USW’s strike fund disbursement rules, money is distributed based on a striking worker’s needs. For example, a striking worker with an employed spouse will receive less than one with an unemployed spouse, particularly if they have children. Those decisions are left to the local unions.
In addition to assisting striking employees, the USW’s strike and defense fund also pays for legal and “other costs” associated with the strike.
Given the size of the USW’s strike fund, a lengthy job action against Goodyear will seriously erode the union’s ability to take similar action against Bridgestone/Firestone or other Steelworker employers. The USW and Bridgestone/Firestone continue to meet in St. Louis.
