Word: strike
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Dates: during 1960-1969
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...also be forced to sell some of its $5 billion gold reserves in order to meet a looming gap in its balance of payments. It all meant, explained Foreign Minister Michel Debré, that (Quelle horreur!) France would have to cut back on De Gaulle's prized nuclear strike force...
...live." Steelworkers, like everybody else in these inflationary times, seem to need more and more. As his union, whose contract expires July 31, formally opened negotiations in Manhattan with eleven major steel producers, Abel's effort confronted the U.S. with the threat of its first nationwide steel strike since...
During steel's last labor negotiations three years ago, a national strike was averted only by the Johnson Administration's last-minute intervention. Brought to the White House to bargain, the two sides finally agreed on wage increases amounting to 3.7% a year. Since then, however, Steelworkers have seen those gains largely wiped out by an 8.8% jump in consumer prices. With living costs still climbing, the union is now seeking, as Vice President Joseph P. Molony puts it, "whopping" wage increases...
...sharp earnings declines in 1967. Sales of United States Steel Corp., the industry leader, dropped 8% to $4.07 billion; profits were down by 31% to $172.5 million. Business at most companies has perked up in recent months, but that is partly because of customer stockpiling in anticipation of a strike. Inventories built up by steel users now stand at 30 million tons-6,000,000 tons more than at the same time last year...
...steel price rise, by increasing costs for automakers and other durable-goods manufacturers, would also aggravate the very inflation that the union is using as a bargaining point. On the other hand, a prolonged strike would both slow down the economy and hinder the Viet Nam war effort. In view of that, it is possible that Washington may once again intervene in steel negotiations when the deadline approaches. Meanwhile, says Chief Industry Negotiator R. Conrad Cooper, a U.S. Steel executive vice president, "I see very, very serious and difficult problems ahead...