Word: lumping
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...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...
Even though 62,700 of the company's 350,000 workers were involved in the selective strike action, GM and the U.A.W. continued to bargain through the weekend at General Motors headquarters in Detroit. The company had originally offered a lump-sum payment of $600 per worker in the first year of the contract and a $300 one in the second, in addition to a rather vague plan to protect existing jobs. The union pushed for an improvement of both offers, and by late in the week the differences between the two sides were narrowing. Once an agreement...
...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...
...kill the bill. Reagan has said he finds the version passed by the House unacceptable because it includes an expensive, unlimited pledge by the Federal Government to reimburse states for the cost of the reforms. He told Republican Senator Alan Simpson of Wyoming that a flat $4 billion lump-sum grant might get his approval. "You give me that," Reagan told Simpson. "That can be an acceptable bill." The delighted Simpson passed this news to Speaker O'Neill, who replied, "Send the damn thing over. We'll go to conference." Despite the obituaries, the bill was thus...
Reagan telephoned Cohen, saying that he liked the build-down idea. But Pentagon and NSC officials did not. Reagan was interested in the possibility of collaboration with moderates on the Hill; his advisers, however, were concerned about the sub stance of the build-down proposal, which would lump bombers and cruise missiles together with ballistic missiles. That feature, known as "comprehensiveness" or "aggregation" of bombers and missiles, might have helped...