It is ironic that when overtime first was established in the 1938 Fair Labor Standards Act, it was meant to encourage companies to hire new workers rather than work existing employees extra hours. Rising benefit costs have all but obliterated any obstacle that time-and-a-half pay might once have posed to working overtime. Indeed, overtime worked by U.S. and Canadian autoworkers in 1998 saved an estimated $550 million in labor costs compared to what it would have cost to hire additional ...

Premium Content (PAID Subscription Required)

"Overtime Saves U.S. Auto Industry Millions" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.