Word: coaling
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Dates: during 1980-1989
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...Chief Justice Fred M. Vinson, financial vice president of Dun & Bradstreet and president of New York's Seamen's Bank for Savings. As chairman of the Union Pacific Corp., he rules an empire encompassing the U.S.'s eighth largest railroad, oil and gas operations, uranium and coal mines and 1 million acres of real estate. Like Brophy, Evans argues that reducing the business tax burden is crucial to boosting America's sagging productivity. Says he: "People want to put in a day's work for a day's pay. We just need the dollars...
...U.M.W. digs itself a hole It was nice while it lasted. For exactly one week it looked as if the nation's $21 billion coal industry would be able to avoid yet another of the lengthy and disruptive strikes that since 1966 have repeatedly marred contract talks with miners. Yet after United Mine Workers President Sam Church Jr. finished hammering out a new three-year contract with mineowners belonging to the Bituminous Coal Operators' Association and submitted the pact for ratification to the union's feisty rank and file, the U.M.W.'s 160,000 soft-coal...
Though Church stumped the pit heads from Springfield, Ill., to Pittsburgh to push the pact, the union rebuffed it by a vote of more than 2 to 1. Many members argued that provisions in the contract gave mine operators power to lease coal property to nonunion companies as well as skimp on contributions to pension funds. On the other hand, industry officials seemed to feel that the rejection simply reflected the union's weakening grasp its members. Said one: "Facts had nothing to do with it. Rationality went out the window. What developed was emotion, suspicion and misinformation...
Because big coal users like public utilities and heavy industry have stockpiles that should last nearly four months, the U.S. is in good shape to weather a fairly long strike. The U.M.W. itself is another matter. Union membership has grown slightly, while nonunion mines have proliferated in the East and Midwest, along with the sprawling strip-mining operations of the Rocky Mountain states. As a result, mines covered by the U.M.W. agreement currently account for only 44% of overall U.S. coal production and the strike will probably reduce this figure further. Said Doug Heape, 23, a Tamaroa, Ill., miner with...
...improvement in inflation, however, could be set back by last week's proposed new contract between major Eastern coal-mine operators and the United Mine Workers. The contract, which is expected to be ratified this week, would give the miners a 36% wage and benefits increase over the next three years. The coal settlement could set a pattern for other major labor contract negotiations scheduled for later this year, most notably in the aerospace and construction industries. In recent years, one union's inflationary wage settlement has generally become the next union's negotiating floor. But that...