Word: settlements
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Dates: during 1970-1979
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...Administration seemed to chalk up a qualified victory last week in the first major union settlement under President Carter's wage guidelines. After tense talks, the oilworkers finally wrapped up an agreement with Gulf Oil and Amoco. The deal more or less stays within the White House wage standard, which calls for a limit of 7% on pay and new benefit increases over the life of a contract...
Company contributions to the medical insurance plan would climb $12 a month per family, to $84; the percentage rise exceeds the guidelines, but the amount of money involved is small-less than workers had demanded. Union members were expected to approve the settlement, and it will probably serve as a model for the 98 other firms involved in the industrywide bargaining...
Union and company negotiators agree that without the guideposts the settlement would have been bigger. The President was particularly eager to hold the line on the oilworkers agreement because, as the first settlement under the guideposts, it may also set a pattern for this year's heavy calendar of labor talks. The Teamsters, whose contract expires March 31, will provide the next big test. Though they are expected to put up a tougher fight than the OCAW, the oil settlement is bound to have some restraining influence...
...work week from 40 to 35 hours to stem steel layoffs, which have been running at 1,000 a month for four years in an industry that has about 300,000 workers. But with profits sharply down because of import competition, the steelmakers refused. The settlement allows both sides to claim a token victory. Officially the week remains 40 hours, but workers will now get extra time off that will effectively cut their on-the-job time to 38 hours...
Hilton was twice divorced; his second marriage to Zsa Zsa Gabor was a tempestuous union, punctuated by well publicized donnybrooks. Though Zsa Zsa's divorce settlement cost him an estimated $275,000, Hilton, a Roman Catholic, was relieved; by shedding Zsa Zsa he got back into the good graces of his church (his first wife died...