Word: settlements
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Dates: during 1950-1959
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Opposed on principle to Government interference in collective bargaining, Dwight Eisenhower had given the steel companies and the United Steelworkers of America plenty of time to arrive at a settlement. Since last May, on and off, Steelworkers President Dave McDonald and U.S. Steel Executive Vice President R. Conrad Cooper, head of the industry negotiating team, had glared and snapped at each other across the bargaining table in Manhattan's Roosevelt Hotel without making any detectable progress...
...they said, employers in South Atlantic and Gulf Coast ports had refused to make any future pay increases retroactive, as the Yankee shippers had agreed to do. From the Gulf, the strike spread swiftly north, and from the way the opposing sides talked, there seemed slight chance of quick settlement...
...Bonn for a privately organized German-American conference on East West tensions, Acheson fired the most critical shots to date against President Eisenhower for going even so far as to discuss the possibility of a Berlin settlement with Russia's Nikita Khrushchev. Said Acheson: "All the trouble in Berlin is caused by Mr. Khrushchev. The situation there could endure for the indefinite future. But he decided to upset the arrangement a year ago. I would tell Mr. Khrushchev that I would not discuss Berlin. Let's talk about other matters, but there is nothing to talk about there...
Smithies approaches the issue of the settlement in terms of its effect on the inflationary wage-price spiral. The toughened industry stand this year, he suggests, is due to their fear that the "pattern of periodic wage increases" will price them out of both the domestic and foreign markets. It is "terribly important to stop the wage-price spiral at this juncture," he said, by settling without a price increase. Chamberlin agreed that "the real issue of inflation is the reaction on other wages. Whether the price of steel will have to go up is "only a small part...
Dunlop, however, thinks a settlement without a price rise is "unlikely," but minimized its inflationary effect since all the other outstanding contract negotiations this year have already been decided. "Steel will follow, not set the pace," he suggested...