Word: kaisers
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...Kaiser got no substantial changes in work rules, but with an efficient new plant he is happily spared the worst abuses of the work-rule tradition anyway...
Union Power Play. Early in the week McDonald scored on his divide-and-conquer campaign in a friendly contract-signing session with Chairman Edgar Kaiser of California's Kaiser Steel Corp. (2% of steel capacity). Steelman Kaiser (see BUSINESS), refusing to stick with other operators through the injunction procedure, signed a 20-month union contract giving his 7,500 employees a yearly wage-and-fringe-benefit boost worth 11.25? an hour, only a quarter of a cent more than the last industry-wide offer. To the Kaiser company, the terms made special sense because of its special situation, which...
Union Boss McDonald exploited the break by signing Kaiser-style contracts with Detroit Steel Corp. and Granite City Steel Co., small companies (less than 1% of U.S. capacity each) that have been operating throughout the strike on union-granted contract extensions. But McDonald's drive never got beyond the easy pickings of the minors, soon hit the stiffened wall of major company resistance. Top steel negotiators declared that the Kaiser contract 1) would cost non-Kaiser companies nearly half again as much, 2) provided contract reopening in 1961, which was "intolerable to all," and 3) left work rules...
Despite settlements by Kaiser Steel Corp. and two other small steelmakers, the steel strike is biting deep into the U.S. economy. Steelworkers have lost $1.1 billion in wages; steel companies, $3.3 billion in sales; the Government, $710 million in taxes; the nation, 30.9 million tons of steel production. The Commerce Department estimated that the rate of the gross national product dropped $3.5 billion in the third quarter. An index of the eight key economic barometers fell farther in the first three months of the strike than during the first three months of the 1957 recession. The U.S. faced widespread shutdowns...
...current blacklist, drawn up in Cairo, names 48 American firms. Included are Empire Brushes Inc., Kaiser Industries Corp., Dow Chemical Co. and Plough Sales Corp., because they have branches or agencies in Israel. Individual Arab countries have their own blacklists, which are even more capriciously kept. Philco radios and air conditioners were banned in Saudi Arabia even after the firm's name was removed from the Arab League blacklist. Last February, after Elizabeth Taylor bought $100,000 worth of Israeli bonds, the United Arab Republic banned any further showing of her films in Syria and Egypt. Presumably the boycott...