Word: lockout
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Dates: during 1970-1979
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...Times newspapers put their pretax losses at better than $60 million but insisted that the lockout was the only way to ensure the future of the two publications. If the papers do survive, said Lord Thomson of Fleet, chairman of the parent company, "the cost staff-wise, money-wise and frustration-wise will have been worth it." As for Fleet Street's reaction, Times executives dismissed it as sniping by envious competitors. Said one Timesman: "They're in a position of being overmanned and using 19th century technology, and they see a slimmed-down Times striding into...
...long-distance rigs were barreling along U.S. highways last week in near normal numbers. The powerful Teamsters union and the trucking industry had agreed on a new master contract, ending a ten-day strike and lockout that drastically curtailed transportation of goods and threatened many manufacturing industries. In all, the union and the industry estimate that the contract will give 270,000 drivers and warehouse workers an increase of more than 30% in wages and fringe benefits over three years. That is well above the Carter Administration's wage-guideline limit of 7% a year. But the Council...
...President must show that a strike will endanger the nation's health or safety. The partial walkout also would have enabled the union to push for divide-and-conquer settlements with individual firms. To foil that move, trucking industry leaders called for and got a largely successful nationwide lockout of the Teamsters by the companies in the negotiations...
...effects of the strike and lockout quickly dented the operations of a wide variety of manufacturing industries. Worst off were the automakers, who stock only a few days' supply of some components. General Motors was forced to cut production and lay off 30,100 hourly workers indefinitely. Ford reduced shifts at 19 of its North American plants. Chrysler closed almost its entire U.S. operation, laying off 77,000 employees in 37 plants...
...pampered pilots. A plethora of labor disputes, including jealousy in the ranks of many of the line's eight unions over the fact that a few jumbo-jet pilots earn as much as $11,000 a month, forced management to ground its planes for three weeks in April. The lockout cost the company $15 million, but its problems did not end there. Among the others: a labor force of 5,500 people that some critics claim is too large, and an aging fleet awaiting delivery of new and more economical jets. In consequence, government economists predict that El Al, which...