Word: contracting
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Dates: during 1940-1949
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...thing was sure: all of the orchestra's 90 players had been fired. But, said both Orchestra Personnel Manager Karl Chase and Union President Jack Ferentz, that was just a routine matter. Under their complicated agreement, as long as no master contract had been signed for next season, the orchestra was obliged to make all the musicians free agents. That gave the men a chance to find new jobs if they wanted to, and the orchestra a chance to make replacements. The joker: in the past, the musicians had been warned in advance that the firing was a mere...
...Pennsy of milking its stepchild by overcharging for the use of its Manhattan terminal and East River tunnels. In 1940, the Interstate Commerce Commission found some truth in this. It made the Pennsy kick back $5.6 million of these charges to the Long Island, and make a new contract that trimmed a million a year off the rents...
Unionists muttered crossly that the cuts were "piddling," compared to G.M.'s recent boosts of $42 and $150 on its 1949 models. (Actually, G.M. will have no net savings on labor costs, as it will give a 3?-an-hour increase in May under its union contract.) Nevertheless, G.M. had shut off any union complaint about the pay cut-and it had outfoxed other motormakers, notably Chrysler Corp...
...moguls chew their fingernails. But while Producer David O. Selznick is killing time, he makes a tidy profit with a sideline which Hollywood calls flesh-peddling. Unlike an actors' agent, whose commission is fixed at 10%, Selznick gets fat loan-out fees for the stars who are under contract to him as a producer. Because he is Hollywood's shrewdest publicizer of talent, his stars are in great demand. His profit is the fees, minus the salaries he would be paying the players anyhow...
...According to a U. S. Supreme Court ruling a company whose workers are covered by a union contract must, on demand, consult the union before...