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. Bulldog Market

    A nickname for the foreign bond market of the United Kingdom. ...
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. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center