Word: forded
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Dates: during 1940-1949
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...Henry Ford II, after reading the steel fact finders' report, said in effect to his executives: "There's no reason why we should have this shoved down our throats. Let's take the lead on pensions." Last week Ford's Vice President John Bugas offered Walter Reuther an 8 3/4 ?-an-hour, company-financed pension...
...offer ended negotiations which had been going on for almost 100 days. Reuther happily accepted. By all indications, so would Ford workers when they voted on the proposal. By winning peace, Ford had won a lead in his increasingly competitive industry. By winning the contract, Reuther had gained a weapon to use against Chrysler...
...quick glance, they seemed to be good propositions for everybody. Ford's mandatory payments of 8 3/4?-an-hour a worker would go into a fund administered by an insurance company, would supplement the 1 1/4?-an-hour insurance program already in effect. After 30 years of service at age 65, workers would be paid enough out of the fund to give them a $100-a-month pension, counting in their Social Security. As Social Security increased, Ford's part of the obligation would decrease. Ford could count on a lessening of its labor turnover; workers could look...
...Ford model required some careful looking over. It was not so much a matter of principles as practicalities. U.S. workers in the end might not like the idea as much as their leaders thought they should...
...talks wore on, with the Big Steel negotiators still at loggerheads, the biggest hope for a break appeared this week in an unexpected quarter. In Detroit, the Ford Motor Co. announced that it had offered the auto workers' Walter Reuther a company-paid pension plan in line with the recommendations of the steel board. Ford cautiously reported real progress, and Henry Ford II made plans to leave this week for Europe despite Reuther's peremptory announcement that he was issuing a strike notice, effective Sept. 29. If autos settled, there was still a good chance that steel would...