Businesses may look to protect their interests through the support of anti-union legislation. By endorsing the passage of these laws, companies can avoid some of the legal battles that would occur with the collective bargaining organizations.
After the debate ended, and the legal maneuvering failed to accomplish any gains in favor of the unions, the Wisconsin collective bargaining law will go into effect, The Associated Press reported.
Though the changes may amount to an average pay cut of 8 percent for public employees, businesses are also affected by the passing of the legislation, according to the AP.
Part of the legislation for the anti-union bill will have an effect on the local financial institutions due to the tie between the pension plans and stock options, the news source reported.