Word: steelmen
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Dates: during 1950-1959
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...forecasters see good business ahead. Tight credit may cause the housing industry to slip slightly to a rate of 1,200,000 homes. But Detroit's automakers have visions of a 7,000,000-car year in 1960, with 18%-20% of the market in the compacts. Steelmen forecast a total of 125 million tons of steel next year, up nearly 35 million tons. Borg-Warner's Norge Division President Judson Sayre expects big increases in the appliance industry-8% for clothes dryers, 10% for refrigerators. Moreover, plant and equipment expenditures will rise from $34 billion...
...week, some five weeks ahead of earlier predictions; U.S. Steel* is also coming fast, will have some plants up to 85% production by next week. Inland expects 80% capacity this week, while Jones & Laughlin, Wheeling Steel, Armco, Allegheny Ludlum hope to hit between 65% and 80%. Throughout the industry, steelmen are cashing in on the care they took in shutting down their furnaces and in keeping maintenance crews in the plants during the strike. Only a fraction of the expected repairs proved to be necessary...
...Much Damage? The timetable could be upset by the extent of damage to furnaces during the long shutdown. In some cases, the interior brick linings have contracted and furnace roofs have fallen in. Steelmen waited anxiously for signs of other damage as the heat built up to 3,000°. What may hold repairs to a minimum is the 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...
...demanding work-rules changes to increase efficiency, the steel companies had a strong case to make. And the steelworkers, for their part, had never been a union dedicated to featherbedding. By trying to make the changes in a sweeping manner, the steelmen had solidified labor into a newly militant front and lost much public support. Like many a controversy based on principle, the differences were far more apparent than substantial, might well yield to settlement if both sides would make the most of a cooling-off period to try a new approach...
...Department's petition for a Taft-Hartley injunction to return the strikers to the mills for 80 days. On the other track was a resumption of 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...