Word: contract
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Dates: during 1960-1969
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Please Go Home. Although he considered Bethlehem's response excessive, the President granted that the cost of the industry's new labor contract was "high." Ironically, one consideration facilitating settlement was the knowledge that a steel strike, with its inevitably depressing consequences for both the economy and the Viet Nam war effort, would have provoked White House intervention. Union representatives and Chief Industry Negotiator R. Conrad Cooper of U.S. Steel shrouded their meetings in unaccustomed secrecy, avoided the usual inflammatory statements. When Federal Mediator Simkin showed up to offer his assistance, he was politely told to go home...
WHEN the steel industry reached agreement with the United Steelworkers of America last week on a new labor contract providing for annual wage-and-benefit increases of 6%, Federal Labor Mediator William B. Simkin lauded the settlement as "an outstanding achievement of bargaining." When Bethlehem Steel Corp. followed with price increases, Washington's reaction was far different. Labeling Bethlehem's price hikes "unreasonable," Lyndon Johnson said that they "should not be permitted to stand." To that end, his Administration took action to limit U.S. Government purchase of steel for defense purposes to those companies that hold the line...
...Steelworkers President I. W. Abel allowed that he was "not totally happy" with the agreement, and a number of union locals showed their own displeasure by staging a series of wildcat strikes. Even so, the $1 billion-plus settlement was the biggest in the union's history. The contract will add at least 900 to the $4.93 the average steel-worker now receives in wages and benefits. By comparison, total compensation back in 1950 amounted to $1.91. Be sides a three-year pay increase of 440, the new pact calls for broadly improved pensions, a new $30-a-week...
...million contract for construction of the dam has been awarded to an international consortium led by the Oppenheimer's huge Anglo American Corp. of South Africa. The group also includes Siemens and Telefunken of West Germany, Compagnie de Constructions Internationales of France, plus Swedish and South African firms.* Financing will be entirely through foreign credits and loans arranged by the consortium. Part of the money will be spent on a new seaport at Cuama, on the Indian Ocean at the mouth of the Zambezi, which will be capable of handling 40,000-ton freighters. More millions will go toward...
Though the strikers and management had worked out most of the fine print for a new contract by week's end, policyholders were still mailing in their premiums, and the agents, who have no strike fund, were still living off past commissions. In many cases, this was no particular hardship, since a hard working and fortunate agent can make $100,000 a year...