Word: reopenings
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...memorandum to the rent board. Polvere stated that reconsideration of the earlier decision would open "a Pandora's box out of which would fly many other petitions to reopen cases...
...prospects for a settlement at General Motors are not good. Nearly half the GM work force of 330,000 is on indefinite layoff, and relations between the union and management are strained. GM wants to reopen talks, but there may not be much support for that from the rank-and-file union members. Union people complain that General Motors Chairman Roger Smith has a paternalistic attitude toward them. Industry analysts now consider a September strike at GM a real possibility. If GM begins boosting car production in May, despite the current sales slump, it will be a sign that...
...bulk of the estimated $19.65 total compensation package. Fraser was also forced to bargain with the knowledge that any settlement would have to be approved by militant rank-and-file workers, who seemed unwilling to make major concessions. Two weeks ago, union members voted 57% to 43% to reopen the talks, and there was a good possibility that any settlement would have been voted down by the workers. Said GM's Warren: "I'm not sure that all of our union members understand what it means to our business and what it ultimately means to them...
...private scrip, Roosevelt's financial experts worked late into the night to patch together a rescue bill. That bill effectively took the U.S. off the gold standard and thus promised easier money in days to come; it also authorized the Treasury to inspect all closed banks and gradually reopen them with various guarantees of solvency. The only copy of the bill was rushed to the House as soon as it reconvened at noon Thursday, and after half an hour of debate, there came cries of "Vote! Vote!" That vote
Tiny American Motors Corp. quietly became the first U. S. auto company to seek formally to reopen its labor contracts in November, when it asked its 16,000 hourly workers to make wage concessions that would save the company $150 million. The automaker, which has only 2% of the domestic market, has lost some $300 million over the past two years. While cuts in wages and benefits are important to restore General Motors and Ford to financial health, they could mean the survival of American Motors...