WASHINGTON - U.S. Senator Bernie Sanders (I-Vt.) announced that laid-off employees at IBM's plant in Essex Junction, Vt. will be eligible for help through the federal training and reemployment program.
A press release says the U.S. Department of Labor already approved benefits for 115 IBM laid off last June. Tuesday's announcement extends the benefits to more than 300 IBM workers who lost their jobs in June and last month.
“My heart goes out to all of the IBM workers who have lost their jobs. I am pleased, however, that these employees will finally be able to take advantage of job training, education and extended unemployment benefits that the Trade Adjustment Assistance program offers,” Sanders said. “Clearly, these federal benefits are not a substitute for a job, but they will provide some economic security as these workers look for new jobs and move on with their lives.”
Benefits under the program include:
- Up to 130 weeks of full-time or part-time job training.
- Up to 130 weeks of extended unemployment benefits for workers enrolled in full-time job training programs.
- A wage subsidy for as long as two years for workers who are 50-years-old or older and re-employed in jobs that pay less than $50,000.
- A tax credit covering 72.5% of the worker’s monthly premium for qualified health insurance.
- Reimbursement for the cost of relocating to a job in a different location.
- Reimbursement for job search costs.
The federal training and reemployment program helps workers who lost jobs to foreign competition.