Word: steels
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Dates: during 1950-1959
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...disgust at the "irresponsible use of economic power." But despite public disgust, despite President Eisenhower's stern admonition before he departed for Asia that "America needs a settlement now," despite the danger than an aroused public might prod Congress into passing drastic antistrike legislation, Dave McDonald and the steel industry's negotiator, Conrad Cooper, broke off negotiations at midweek in another display of stubborn disregard for the public interest. McDonald airily demanded that the steel industry return to company-by-company bargaining (the big steel companies set up an industry bargaining committee in 1956), a demand that nobody...
...Stubbornness and irresponsibility on both sides have blurred the issues in the U.S.'s most momentous labor-management clash since the 1930s, and the Eisenhower Administration has contributed to the blurring. Within itself, the Administration is divided on the steel strike. Labor Secretary James Mitchell favors a settlement on almost any terms, played a behind-scenes role in California Steelmaker Edgar Kaiser's defection from steel's solid front to make a separate settlement (TIME, Nov. 9). Opposed to Mitchell are White House economic counselors led by Presidential Adviser Raymond Saulnier, who insist that the U.S. public...
...background fact of the steel strike is the U.S. economy's pressing need for a hold-down on production costs. Round-after round of wage boosts followed by price boosts has brought not only price upcreep at home but also loss of export markets abroad. Western Europe's rebuilt industrial plants, more modern on the average than the U.S.'s, confront U.S. industry with increasingly rugged competition. In late 1958, the U.S., for the first time since the igth century, became a net importer of steel instead of a net exporter...
Against the background of swollen costs and intensifying foreign competition, the steel industry, led by U.S. Steel's Board Chairman Roger Blough, decided to take a stand on two propositions in this year's contract negotiations with the United Steelworkers: 1) increases in wages and fringe benefits must be noninflationary; and 2) collective bargaining must become a "two-way street," with the union yielding management a freer hand in control of plant operations...
...last offer was a 30? package increase over three years-to an average $3.40 an hour -which the union says is really 22?). But the basic issue was industry's demand for changes in the contract's twelve-year-old Section 2-B, which had deprived the steel companies of the right to change "local working conditions"-practices and customs, varying from one plant to another, governing such matters as crew sizes, the duties of particular jobs...