Word: settlement
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Dates: during 1970-1979
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...resolved by the Eisenhower Administration. During an informal meeting with A T & T's general counsel at the Greenbrier in White Sulphur Springs, W. Va., Ike's Attorney General, Herbert Brownell, offered what the AT&T man described as a "friendly tip" on how to negotiate a settlement. Soon after, the Government approved a consent decree that allowed Bell to keep Western Electric in return for a wrist-slap promise not to let it compete for business outside...
...idle miners in Appalachia and elsewhere picked over the tentative coal settlement last week, formal deliberations ran into deep trouble in Washington. The bargaining council of the United Mine Workers voted by 38 to 1 to send the pact back to negotiators for more-much more. Already the settlement calls for wage-and-benefit increases exceeding 50% over three years. But council members sought a bigger pay raise next year than the negotiated 9%, as well as the right to strike over local issues. They also wanted a reinstatement of the traditional two-week vacation period, which had been split...
...delay will be another blow to the economy. The settlement must eventually go to the 120,000 U.M.W. members for ratification, which should take eight to ten days. As a result, the strike, now in its third week, will probably drag into a fifth or even sixth. A prolonged strike could cause layoffs in coal-dependent industries to multiply rapidly and could send the unemployment rate later this year above 6.5%-a figure that Administration planners had not expected to be reached until next year. Layoffs related to the coal strike last week totaled nearly 20,000. At U.S. Steel...
...only bright spot was an end to the 85-day walkout by United Parcel Service workers in the New York City area. The settlement means that UPS's 4,500 drivers and inside workers will earn $7.59 an hour after three years, compared with their current pay of $5.92. They also won a cost-of-living escalator and fringes that will lift their wage-and-benefit package by some...
...Middle East would be tragic for everyone involved, not only in terms of loss of lives, but in that it would probably put a permanent settlement far out of reach for many years to come...