Word: steelman
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Dates: during 1950-1959
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...want to sound like a Pollyanna," said a steelman last week, "but so far, everything is going better than we dreamed it could." With its 500,000-man labor force back on the job, the nation's steel industry was making an amazing comeback. Barely a week after the first furnaces were fired up again, the mills were up to 45.9% of capacity, and turning out 1,300,000 tons of steel. This week output should be clipping along at better than 60%, well ahead of the first estimates...
...fact that U.S. Steel, Inland and others kept nonunion supervisory staffs in the mills to keep heat in the furnaces and do some of the basic repair work as the damage occurred. The industry will not know for sure until the furnaces start operating this week. Says one steelman: "We've never gone through a strike this long. When a furnace has been down for four months, nobody can say how it's going to work even though it looks in good shape...
...weeks before completely balanced deliveries are resumed. The press of demand is so great that the steel companies will fill back orders as they appear on the books on a straight first-come, first-served basis. For the time being, many companies are not accepting new orders. As one steelman says: "We're backed up solid with orders for six months at least...
Union Power Play. Early in the week McDonald scored on his divide-and-conquer campaign in a friendly contract-signing session with Chairman Edgar Kaiser of California's Kaiser Steel Corp. (2% of steel capacity). Steelman Kaiser (see BUSINESS), refusing to stick with other operators through the injunction procedure, signed a 20-month union contract giving his 7,500 employees a yearly wage-and-fringe-benefit boost worth 11.25? an hour, only a quarter of a cent more than the last industry-wide offer. To the Kaiser company, the terms made special sense because of its special situation, which...
...bargaining between the steel companies and the United Steelworkers in Pittsburgh, while pressures mounted for settlement. The strongest pressure on the Big Steelmen came from small and medium-sized steel firms impatient for a settlement. This week the West Coast's Edgar F. Kaiser, the most impatient steelman of them all, broke the industry's united front and announced that he was ready to sign a separate peace with the Steelworkers...