Word: lockout
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Dates: during 1990-1999
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...dispute between the machinists union and CSX Transportation, one of the nation's largest freight railroads, over wages and work conditions. Most other freight companies ceased operations, claiming that their many interconnections made it impossible for them to work without CSX. The unions countered that it was a lockout. The disagreement involves unions representing only about 20,000 workers, but 200,000 other rail workers were thrown out of work, and hundreds of thousands more were affected by the shutdown...
...owners want to reopen the contract after this season. The clubs are demanding relief from escalating player salaries, but the players seek to maintain the contract that has created scores of millionaire athletes over the past decade. As a result, the uneasy truce worked out after the 1990 owners' lockout is in danger of being discarded. "The golden days of baseball are over," says Gerald Scully, University of Texas economist and author of The Business of Major League Baseball. "The game is entering a new era of fiscal conservatism, and that could spell big trouble for labor-management relations. Unless...
...dumped dozens of higher-paid veterans and replaced them with rookies earning close to the minimum $100,000 salary. Owners are also looking to cut overhead by revising the 1990 labor agreement. Their main goal: the elimination of salary arbitration. If the players balk, owners may respond with a lockout. Says Jerry Reinsdorf, owner of the Chicago White Sox, one of the most militant club owners: "The status quo cannot continue...
...such major decisions as TV contracts and ownership changes. But if the owners play hardball, Fehr warns, "it will not be a short fight." The owners have established a credit line of $350 million that could be used to cover set operating costs in the event of a lockout or strike, while the players have amassed a $140 million strike fund. Unless the argument is settled quickly, the biggest loser in the 1993 season will be the fans...
...this newsstand decided to sell The News for almost a month before being convinced by the Newspaper Guild of New York to refuse this "scabloid." Our father, Joel Burstein, a lifelong newspaperman in New York using the name Joel Burton, worked at The News from 1966 until the management lockout began on October 25, 1990. On November 2, 1990, the eighth day of the lockout, he collapsed and died of a cardiac arrest at the Guild office in New York...