Word: chryslers
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Dates: during 1930-1939
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...pronouncement on their high levels (TIME, April 19), stock speculators rushed to sell on news of Britain's higher industrial profits tax. In New York the market slide which began in March became a small avalanche, carrying U. S. Steel common down 10 points to 98, Chrysler down 6, Allied Chemical down 13, and the Dow-Jones industrial stock average down 6½ points, including the biggest single day's drop since July 26, 1934. Market observers saw in this no mere repetition of the milder reaction in April 1936, with which it had a curious...
...fine fresh morning, nor on a sultry afternoon. It is after the shades of night have fallen, when fatigue and strain have weakened the obstinacy of men, and peace, like sleep, comes to knit up the raveled sleeve of contention. In all respects but one the settlement of the Chrysler automobile strike was thus fitting. After 9 o'clock the evening of the eleventh day of negotiation, Governor Frank Murphy emerged from a smoke-filled office at Lansing to announce that agreement had been reached. Shortly before midnight Governor Murphy sat down at a table with John L. Lewis...
Terms. There was reason for Mr. Chrysler's smile. As the Governor read it became evident that the motormaker had stood pat and won on his original declaration that he would not grant the United Automobile Workers exclusive bargaining rights for all Chrysler workers. "The corporation agrees to bargain with the union as the collective bargaining agency for such of its employees as are members of the union." There was no qualification, as that in the General Motors agreement, that the company would not bargain with any other group for six months. Chrysler did promise not to deny...
Quasi-Peace. Day after this peace, Governor Murphy succeeded in settling the Reo strike, next day the Hudson Motors strike, both on the basis of the Chrysler terms. Once more quasi-peace reigned in the motor industry. But in General Motors plants, where peace was made two months ago, a sort of guerrilla labor war went on in the form of brief, "spontaneous" sit-downs. The workers' willingness to strike at the drop of a hat was best illustrated at the Oldsmobile plant. There one afternoon the day shift finished work ten minutes early. Members of the night shift...
Lewis Cautions. With this temper among men, it was natural that many should grumble that the Chrysler settlement was a defeat for labor. It was a defeat, however, not so much for Leader Lewis as for an ill-advised strike spirit in the plants which had forced his hand. Night after the settlement he addressed a crowd of 25,000 unionists jamming Detroit's State Fair Coliseum and made it plain that it was time for hotheads to give up blundering into strikes for which their responsible leaders were not ready. First, however, his aides warmed up the crowd...