Word: steels
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Dates: during 1950-1959
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...STEEL NEGOTIATIONS...
...another month big labor, in the form of the United Steelworkers of America, will sit down with big business, in the form of U.S. steel company executives, to hammer out a new contract that will not only set the pattern for steel but also for dozens of other industries. As negotiations approach, the two sides are so far apart -and so adamant about it-that they may not be able to get together short of a long strike or a surrender by management, either of which would harm the recovering economy...
...need not act tough to impress his membership. Nor does he have to bring home a whole ham to keep pace with the wage gains won by other unions. The United Auto Workers' President Walter Reuther settled for a modest increase that poses no threat to steel's position as one of the best-paying big businesses. Steelworker gross earnings averaged $2.88 an hour last year, 35? better than autoworkers and 75? better than the average for all manufacturing; among production workers only bituminous coal miners ($3.02 an hour) and flat-glass workers ($2.91) averaged more...
...could subscribe. By tempting the purses of middle-class citizens, the government hopes both to keep them from socialism and to tap the $9.3 billion West Germans have locked up in small savings accounts. The next issue will probably be the giant Viag heavy-industry holding company (coal, aluminum, steel, copper, electric power). By next year the government hopes to get legal complications out of the way, sell Germany's famed Volkswagen company to small stockholders. Said Economics Minister Erhard: "The successful issue of People's Shares is a milestone in our economic history and marks the beginning...
...Steel Hour (CBS, 10-11 p.m.). Gertrude Berg as an overloving grandma who offers too much advice to her daughter (Betsy von Furstenberg). When daughter rebels, frustrated grandma seeks succor in a salesclerk's job, soon comically jangles modern commerce...