• Saturday, May 14, 2011 As of 12:00 AM

  • Asia Edition Home
    ↓ More

Connecticut Governor, Unions in Deal

After months of negotiations with Connecticut's employee unions in an attempt to reach $2 billion in concessions, Gov. Dannel Malloy said Friday a deal had been reached. Union leaders must now bring the terms back to rank-and-file members—a ratification process involving 34 bargaining units and 15 unions that could take weeks to complete.

The agreement comes after a week-long faceoff during which the governor announced he'd begun issuing pink slips to more than 4,700 employees. His "Plan B" budget, to close a $3.5 billion spending gap in his $40.1 billion two-year budget, included laying off close to 10% of state ...

Add a Comment

We welcome your thoughtful comments. Please comply with our Community rules. All comments will display your real name.

Want to participate in the discussion?

Or log in or become a subscriber now for complete Journal access.

  • Clear
  • Post

Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 begin_of_the_skype_highlighting            1-800-843-0008      end_of_the_skype_highlighting or visit


Available to WSJ.com Subscribers

  • Power Grab!

  • Life Partners Could Face SEC Action

    Life Partners Holdings, which sells shares in strangers' life insurance policies to investors, has been notified by the SEC that the company and its two top officers could face civil charges.