Word: gm
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Dates: during 1980-1989
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Perhaps a third of last month's production decline resulted from the one-week strike at General Motors. Though that dispute was settled, a walkout last week by GM's Canadian workers poses a new threat. Because vital parts of several GM cars are made in Canada, the strike could lead to a shutdown of some of the company's U.S. factories...
...Even so, GM may have little time to celebrate. The Canadian branch of the U.A.W. has turned down a contract similar to the U.S agreement. Unless the company sweetens its offer, 36,000 workers may strike this week at GM's nine Canadian factories...
Meanwhile, representatives of the U.A.W. and Ford worked all week toward reaching a contract settlement for that company's U.S. workers, patterned after the GM pact. Though apparently near agreement, the negotiators adjourned the talks on Friday night so they could take care of other important business-rooting for the Detroit Tigers in the World Series...
EDGAR began business last week as a pilot project involving 150 companies. The firms, which include Citicorp, GM, IBM, Mobil, Sears and Xerox, agreed to file all their financial data with the SEC in computerized form rather than on paper. For now, however, the information from EDGAR will be available only at SEC offices in Washington, New York City and Chicago...
...Cadillac plant: "I want a raise. I'd vote down anything less than getting back our 3% a year." Rallying under the slogan "restore and more in '84," workers like Lankford have maintained that the union should not only recoup concessions made in its 1982 contract with GM at the depth of the auto industry's troubles but also win additional benefits. That year, U.A.W. leaders predicted the contract with GM would pass comfortably, only to see it scrape...