Word: contractive
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...fiscal 1962. Even so, the 1961-62 total will fall $600 million short of the $4.4 billion originally programmed for both years, is expected to slow the building schedule by six months. But the very fact that cash is ready to flow again will permit the states to resume contract awards, give a fresh lift to the construction industry in the next few months...
...time on his nose for natural gas. His Associated Oil & Gas Co. announced that it has proved up perhaps the largest untapped gas field in gas-rich South Texas. Estimated reserves: a trillion cubic feet. But that was only Harry Mosser's opening card; he also announced a contract to sell 800 billion cu. ft. of gas to Coastal States Gas Producing Co. at 16? per thousand cu. ft. (with escalator clause), biggest such deal in years. Coastal will build a ten-inch pipeline from the field in Duval and Jim Wells counties to Associated's recycling...
...twin threats of inflation and foreign competition, which have stiffened the stance of management toward the steelworkers' bid for higher wages. By last week, the fifth week of idleness for the biggest U.S. industry, these broad matters revolved around a little-known section of the steel contract that has brought negotiations to a virtual standstill. The section: the past-practices clause. Written into contracts since 1947, the clause jealously protects local working practices or customs that have existed regularly over a long period, in effect provides that if a man did a job one way several years...
Source of Friction. While the companies once proposed eight contract changes, they have now reduced them to four, involving changes in past working practices, penalties for wildcat strikes, scheduling hours of work, and vacations. Of these, says U.S. Steel President Walter Munford, the past-practices clauses "have become the source of more friction and grievances than any other section of the labor agreements." In its efforts to get them changed, management is pinning its hopes on a single clause that it has drawn up. But the clause is completely unacceptable to the union, and even impartial arbitrators...
Even under the present contract, the steel companies have a great deal of power to change working conditions to improve efficiency. Arbitrators have long conceded management's right to change any practice-e.g., crew reductions-if it has put in new machines or otherwise eliminated the basis for the practice. During the 13 years that the union has had past-practice clauses, U.S. Steel has won 145 of the 186 cases that have been submitted for arbitration...