Word: strike
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...rescue of St. Louis' ailing Emerson Electric Manufacturing Co. (fans, small motors) in return for $24,000 a year, plus a stock-option deal. Emerson was deep in the red and battered by labor troubles, had barely managed to survive a bitter, 53-day sitdown strike in 1937. Taking over as president in unpromising 1938, Symington new-broomed away most of the old management, set about winning over his workers. William Sentner, Midwest boss of the United Electrical Workers, was an avowed Communist, but Symington got along fine with him. Symington wooed and won the workers with a union...
Hunkerers feel that their position offers splendid perspective on lofty problems. They urge steel-strike negotiators to hunker awhile, envision Eisenhower and Khrushchev hunkerin' at the summit. "This is a peaceful thing," one hunkerer says. "A respite from a world of turmoil. The main purpose of hunkerin' is to get down and hunker together. It's a friendship thing: get your friends to hunker with you. The man you don't know is the man you haven't hunkered with...
With a bare two minutes left, Mayo pulled off the flashiest play of the game: apparently kneeling to hold a field-goal try on fourth down, he carefully kept his knee off the ground, rose to fire a 21-yd. strike to Quinlan to put the Air Force on the Army 21. But when a real field-goal try failed, Mayo and the Air Force had to settle...
Despite settlements by Kaiser Steel Corp. and two other small steelmakers, the steel strike is biting deep into the U.S. economy. Steelworkers have lost $1.1 billion in wages; steel companies, $3.3 billion in sales; the Government, $710 million in taxes; the nation, 30.9 million tons of steel production. The Commerce Department estimated that the rate of the gross national product dropped $3.5 billion in the third quarter. An index of the eight key economic barometers fell farther in the first three months of the strike than during the first three months of the 1957 recession. The U.S. faced widespread shutdowns...
Even after the steel strike ends, industry will face a host of other problems. Companies that have exhausted their inventories will have to wait for new stock before they can resume production, even then will need several days to get their plants humming again. Moving ore to steel plants is almost certain to be a problem. The Great Lakes ore fleet, most of which is idled by the strike, has little more than a month left before the lakes freeze over, may not be able to supply enough iron ore to keep the mills operating until spring. Even...