Word: pensions
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Dates: during 1960-1969
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...centra] organizations on which both sides once relied to promote industrial stability." Though they had talked over the issues for a full six months before the strike, neither the Times nor the Guild was prepared for serious collective bargaining. On the crucial question of the Times's pension plan, the "Guild did not bring in either an actuary or a program until after the strike, but neither did the Times meet the Guild's full-information request until after Ted Kheel urged it to do so. The mediator told both sides that he was 'shocked...
...Guild did not get automatic severance pay for retiring workers as it had asked; it did win the right of joint administration of a Times-Guild pension plan. As for union security, the Guild had demanded a union shop requiring every employee under Guild jurisdiction to become a dues-paying member. Just as adamantly, the Times had said no. Kheel's compromise gave the Guild a union shop in the commercial departments and left editorial personnel freedom of choice...
...cannot fill out a job application because she does not know the meaning of "spouse" or "maiden name." Poverty is the laid-off Colorado miner who does not move to a richer job market because he cannot sell his house and is afraid to lose his seniority or pension. It is the Detroit construction hand who has not worked since most of the big building jobs moved to the suburbs, because he is too illiterate to get a driver's license and the buses do not go out that...
...reporters leaving for other jobs. "Their attitude used to be one of cosmic unconcern," says a reporter who stayed on. "The idea was that if you'd even consider leaving the Star, they didn't want you anyway." Now the Star has raised salaries and approved a pension plan that calls for mandatory retirement at 65, thus giving younger men a chance to get ahead. "We've finally got to the point," says one encouraged youngster, "where you don't have to wait until some guy dies for places to be opening up." After...
...sold, and the net effect was a standoff. There was a lot of switching, as traders sold such recent high flyers as Xerox and Fairchild Camera to get profits that they could plow into stocks that they felt were good bargains. Large institutions - insurance companies, mutual funds and pension funds - were also active, as evidenced by the great blocks of stock that changed hands: 17,200 shares of Chrysler; 53,000 shares of Cleveland-Cliffs Iron, 80,000 shares of Sperry Rand. But the little man played a little role. Trading in odd lots of fewer than 100 shares accounted...