Word: settlements
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Dates: during 1960-1969
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Last week, in a cordial exchange of abrazos and acreage, Presidents Lyndon Johnson and Gustavo Díaz Ordaz redressed the Rio Grande's trespass. Crossing into bunting-festooned Ciudad Juárez, they spoke at the monument erected by Mexico to commemorate the settlement. "An old argument has ended," said L.B.J., "a lasting bond has been forged." Echoing these sentiments, Díaz Ordaz stressed: "This is not an isolated case of understanding...
...mood was tense as settlement neared. Early in the week, Ford Chairman Henry Ford II told newsmen that the strike could be over in a minute-if the company would knuckle under to the union's original demands, which by his facetious estimate would cost $4 an hour in increased wages and benefits. Reuther thereupon blew his top at the breach of the blackout, causing Ford to issue a soothing retraction saying his remark "was not meant to be taken seriously." Then signs of an imminent settlement began to grow. Ford ordered its steel suppliers to resume deliveries, began...
Roadblocks. Settlement seemed assured as Thursday's bargaining session wore on for 31 hours, breaking off only after two of the management negotiators had collapsed from exhaustion. Then, roadblocks began to appear as Reuther entered the final meeting with a fistful of complaints. By the time they were straightened out-after more than 14 hours of talks-Ford Negotiator Malcolm Denise could only describe the negotiations as "the most difficult in 26 years...
Still, while Reuther fought for more fat in the settlement-which will serve as model for his next target, either General Motors or Chrysler-his workers' fortunes have worn thin. The seven-week strike, which has prevented production of 400,000 Ford cars and trucks, has cost employees an average $1,000 per man in wages...
...domestic supply. Just before Labor Day, no less an authority than Commerce Secretary Alexander Trowbridge gloomily predicted that it would be only "three to five weeks until we reach rock bottom of our supply." As the walkout dragged through its 14th week, the shortage remained as elusive as a settlement...