The financial core (also FiCore or Fi-Core) is a payment so employees can work in a union environment without becoming full members, with the intent of paying only for the basic costs associated with their representation by the union. The United States Supreme Court in 1963 initially defined the financial core in Labor Board v. General Motors, and has continued to clarify what is a core obligation and that unions are required to notify potential employees it is an option. Controversy continues as to what exactly the financial core is – and there are instances of unions not informing employees of their rights.
Famous quotes containing the words financial and/or core:
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“In the core of God’s abysm,—
Was a weed of self and schism;
And ever the Daemonic Love
Is the ancestor of wars,
And the parent of remorse.”
—Ralph Waldo Emerson (1803–1882)