Word: pacts
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...outcome was as unexpected as it was speedy. When General Motors and the United Auto Workers began negotiating in late September, it seemed that only a prolonged strike could force GM to agree to a new three-year pact that would satisfy the union. But last week, after just eight days of formal meetings, the largest U.S. automaker and the union representing 335,000 GM workers came to terms...
Sources close to the talks said the GM pact closely parallels the one that the U.A.W. and Ford reached in September. That contract gave Ford workers a 3% wage hike in the first year, along with 3% lump-sum payments in both the second and third years. Far more important to the U.A.W. was the issue of job security. The Ford deal imposed a moratorium on plant closings and barred layoffs for any reason other than a severe sales slump. From GM, the U.A.W. apparently received similar assurances about future employment levels, but in an important concession, the union will...
...more closely intertwined than those of Canada and the U.S. Canada sends fully 77% of its exports to the U.S., while America puts Canadian addresses on 21% of its shipments. Now that tight and sometimes tumultuous relationship stands to become even tighter, thanks to the historic new trade pact between the two nations...
...question that has drawn little attention so far but will loom large over the summit is whether the Senate can be persuaded to ratify an INF treaty. Both sides have tended to assume that a pact acceptable to a President as conservative as Reagan would whistle through easily, but there are already warnings that ratification will be no cinch. If a treaty is signed in November, ratification debates may begin next February, precisely when the primary campaigns in both parties will be approaching fever pitch. The treaty could well come under fire from an odd coalition of Republican conservatives distrustful...
...proposed three-year contract contains job-security provisions that will give workers unprecedented protection against layoffs. The pact, which is expected to be handily ratified by the U.A.W. rank and file, also includes improved pension and health benefits, along with a first-year 3% wage hike. (The base pay of the average Ford union worker is now $13.42 an hour.) In the second and third years of the contract, the employees would receive 3% bonus payments...