Word: contractor
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...austerity program and order massive job chopping (see box, page 78). Aerospace firms now employ just over one million Americans, down more than 25% from three years ago. The total is expected to shrink by year's end to 962,000, the lowest since 1958. Boeing, the contractor for the SST, expects to "bottom out" this year in the Puget Sound area at 29,500, down from 44,000 at present. Pink layoff slips will be sent to 7,000 at Boeing early this week...
Prying the offer out of the British at all took some doing. When Rolls was nationalized, the ruling Tories threw out the Lockheed engine contract. The U.S. Government, determined to keep Lockheed alive as a defense contractor, applied heat to the British at the highest levels. Eventually, in negotiations with Lord Carrington, the Tory Defense Minister, and other British officials. Haughton got the costly offer to save the project...
Dwindling Options. Nixon later may take still stronger steps against construction inflation. Last week he kept his options open by endorsing-through Treasury Secretary John Connally a bill to extend for two years his standby power to impose wage-price controls. Transportation Secretary John Volpe, a former Massachusetts highway contractor, warned that "the President hasn't ruled out wage-price controls" if unions and builders cannot agree to some voluntary program. The President hopes that the implied threat will bring about moderation of wage increases, but it is equally possible that his suspension...
...board Dunlop heads is part of a larger group of union, contractor, and government representatives, the Construction Industry Collective Bargaining Commission, which Nixon formed in September of 1969 to help fight inflation in the construction industry...
Creating Shortages. The building unions have been able to extort outsize increases because they control most of the labor supply. Contractors get their manpower for each project through union hiring halls. Unions generally dictate crew sizes and working conditions. If a contractor refuses to schedule regular overtime, he is given the dregs of the labor pool. Unions have been able to create artificial labor shortages by restricting admission; most insist on a tortuous apprenticeship training of three to five years. Local unions usually do their own bargaining, city by city and craft by craft. When one powerful unit wins...