Word: layoff
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Dates: during 1960-1969
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Major labor contracts signed so far this year call for hourly wage boosts averaging 3.2%, whereas in 1957 the average was 5%. In a time of automation-inspired layoffs, labor now fights harder for job-security benefits than for straight wage hikes. The main feature of Walter Reuther's settlement with the auto makers last fall was an increase in supplemental unemployment benefits. David McDonald's Steelworkers last spring settled for a many-fringed package of longer vacations, plumper pensions and layoff benefits--but no wage raises. Recent increases in labor costs in many industries have been more...
...walkout April 12−a movement sympathetically, if not enthusiastically, joined by the American Newspaper Guild. As the other unions trickled back to work, the Teamsters stubbornly held out; they settled only after pinching an extra penny or two an hour more than anyone else. The long layoff cost both sides dearly: an estimated $12.5 million in revenue for the papers, some $3,000,000 in wages for the strikers. But the Minneapolis strike raised a question that was even more disturbing than the strike's local effects: with the number of newspapers in the U.S. dwindling...
...contract meets Steelworkers President David J. McDonald's avowed objective of spreading the work and stimulating earlier retirements. It includes longer vacations, and plumper pensions and layoff benefits. An electronic computer figured that this complex deal adds up to roughly a 2½% increase over present labor costs-which is approximately the steel industry's annual productivity gain...
...cushion the blow of automation-induced layoffs, the union asked for higher unemployment benefits, guarantees that high-seniority workers would be the last fired and that laid-off workers would have first call on new openings, and that some of them would be retrained for other jobs within the steel industry. To spread available work, the union wanted less overtime, more holidays, longer vacations, paid sabbaticals. Higher wages were only vaguely mentioned. The union is aware that its members want job security more than raises (their pay envelopes are already fatter than those of workers in any other production industry...
...exam-period layoff dimmed the team's accuracy at Ithaca, it certainly did not slow it up at all. As Kennedy's save total indicates, the Crimson completely dominated play, and Cornell did not get its first shot at Harvard goalie Godfrey Wood until halfway through the first period...