Featherbedding

AAA

DEFINITION of 'Featherbedding'

Term used to describe the practice of a labor union requiring an employer to hire more workers than necessary for a particular task.

INVESTOPEDIA EXPLAINS 'Featherbedding'

Featherbedding has developed over time as unions respond to workers being laid off because of technological change. These lay-offs have caused unions to seek some way to retain workers, even though there may be little work for them to perform.

RELATED TERMS
  1. Golden Boot

    An inducement or incentive for an older worker to "voluntarily" ...
  2. Restructuring

    A significant modification made to the debt, operations or structure ...
  3. Department Of Labor - DOL

    A U.S government cabinet body responsible for standards in occupational ...
  4. Downsize

    Reducing the size of a company by eliminating workers and/or ...
  5. Severance Pay

    The compensation that an employer provides to an employee who ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or ...
Related Articles
  1. What You Need To Know About The Employment ...
    Economics

    What You Need To Know About The Employment ...

  2. How does someone commit featherbedding?
    Investing

    How does someone commit featherbedding?

  3. Unions: Do They Help Or Hurt Workers?
    Economics

    Unions: Do They Help Or Hurt Workers?

  4. Is That Airline Ready For Lift-Off?
    Active Trading

    Is That Airline Ready For Lift-Off?

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center