Word: lumped
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Dates: during 1980-1989
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...Lehman last week announced a plan to grant cash payments of up to $36,000 for Navy aviators who sign up for four to six additional years in the service. In the past such bonuses were made in annual installments of $6,000, but the new program will offer lump-sum distributions. The Navy estimates that the bonuses will cost the Government $9.3 million for the remainder of the fiscal year. Even so, this outlay is a cheap alternative to the price of training new flyers. The estimate for that: $1 million or more per pilot...
...customary wage demands in exchange for job-security guarantees. But no Canadian auto plants have been closed, and no Canadian GM workers are on layoff. Robert White, the aggressive head of the Canadian U.A.W., has let it be known that his members do not want the profit sharing or lump-sum payments that are part of the just approved U.S. agreement. In addition, he claims that Canadian labor costs are $7.50 an hour less than the $22.50 an hour that GM pays in the U.S., because of the shrunken value of the Canadian dollar and the fact that the Canadian...
...unsettling. As members of the United Auto Workers voted last week on a new three-year contract with General Motors, word leaked out that at least 22 of the union's 149 locals had turned down the agreement. Many workers were dissatisfied with the proposed wage hike and lump-sum payments that would average 2.25% annually. But after U.A.W. President Owen Bieber warned that rejection would mean an immediate nationwide strike the vote totals began to shift in favor of the contract. At week's end union officials predicted approval by a 55% to 60% majority
...proposed contract provides for a pay increase of 2.25% in the first year and lump-sum payments in the second and third equivalent to 2.25%. The lump-sum payments, however, will not be folded into the workers' current average basic wage of $9.63 an hour on which cost of living pay adjustments are calculated, and thus will not be built upon in future pay hikes. Under the agreement, workers will be eligible for "attendance bonuses" of up to $500 a year and a one-time ratification payment of $180. A unique feature of the contract is a venture-capital...
...noon on Thursday, the company put its second wage proposal on the table. It represented only a modest improvement over GM's earlier offer to replace annual 3% pay increases with lump-sum payments totaling $900 during the first two years of the contract. The two sides then went into marathon sessions, but progress was slow. By late Friday night, Bieber saw that there was scant chance of reaching a final agreement by the midnight deadline...