Market-Recovery Program Law and Legal Definition
Market-recovery program refers to an initiative by a labor union. This program helps in maintaining or improving its share of the labor in a particular market. It also helps in financing or backing contractors who bid on targeted projects. Under the market-recovery program, union members also contribute a percentage of their union dues to a fund used to assist employers who utilize union labor on certain targeted projects. It is also known as job-targeting program.[Phoenix Elec. Co. v. National Elec. Contractors Ass'n, 861 F. Supp. 1498, 1501contd (D. Or. 1994)].
Legal Definition list
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