Word: hike
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Chemical and Marine Midlandbanks, which had raised their prime rates from 9 1/ 4% to 9 3/4%, roll back the hike...
Sources close to the talks said the GM pact closely parallels the one that the U.A.W. and Ford reached in September. That contract gave Ford workers a 3% wage hike in the first year, along with 3% lump-sum payments in both the second and third years. Far more important to the U.A.W. was the issue of job security. The Ford deal imposed a moratorium on plant closings and barred layoffs for any reason other than a severe sales slump. From GM, the U.A.W. apparently received similar assurances about future employment levels, but in an important concession, the union will...
...proposed three-year contract contains job-security provisions that will give workers unprecedented protection against layoffs. The pact, which is expected to be handily ratified by the U.A.W. rank and file, also includes improved pension and health benefits, along with a first-year 3% wage hike. (The base pay of the average Ford union worker is now $13.42 an hour.) In the second and third years of the contract, the employees would receive 3% bonus payments...
...midnight coup was not the first event to disturb Aquino's sleep last week. Two days earlier the President provoked a general strike by leftist and conservative trade unions, angry over a recently announced hike in gasoline prices, from $1.24 to $1.49 per gal. In a country where the average annual income is barely $600 a year, the increase was stunning. Though Aquino finally declared a partial rollback of the hike, thousands of Filipinos walked off their jobs and out of their classrooms in the largest show of protest since Aquino assumed the presidency. After the strike went into...
...more like $2 billion. The second proposal would require automakers to enlarge the charcoal canisters that are placed inside gas tanks to reduce the emission of fumes. Thomas says this modification would add only $19 to the sticker price of a typical car, but automakers argue that the hike could be as high as $80 in the first year...