Word: strike
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Dates: during 1960-1969
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...shouting "No! No! No!" gathered at a demonstration that ended in a fist-swinging brawl with union officials. In the end, however, the vote ran overwhelmingly-9 to 1 in the case of production workers, nearly 3 to 1 among the skilled men-to stop the costly 49-day strike...
...some key stamping and engine facilities, and it will be at least two weeks before Ford gets back into full production. Ford had already lost $1 billion in car and truck sales to its 7,200 dealers. In the mid-October selling period, Ford sales plunged 65% while its strike-free rivals forged ahead. So slow is traffic in Ford showrooms that the company plans to start the year all over again, with a "second introduction" of its 1968s. There was one casualty: because of strike delays, Lincoln's new small-sized Continental Mark III, which was originally supposed...
Inflationary Surge. The Johnson Administration has long belittled the possibility of lasting damage to the economy as a result of the strike. On the eve of the walkout, Gardner Ackley, chairman of the President's Council of Economic Advisers, brushed off such fears, saying that there would be "a burst of production to make up for it later." It may take quite a burst. The Commerce Department last week reported that in September alone, factory orders for durable goods dropped by 3.2% from August as Ford's shutdown rippled through its suppliers. All in all, said Commerce...
...Airlines compared the third-quarter with the same quarter of 1966, when a strike of machinists shot down their high-flying figures. Eastern Airlines' revenues for the 1966 quarter were $75 million, and the line showed a loss of $11 million. Last week Eastern reported third-quarter '67 revenues of $166 million and a profit of $4.1 million. United, also recovering from the strike, had third-quarter earnings that set an all-time high of $30,896,000. TWA's earnings of $33,519,000 were eight times as high as last year's, and revenues...
...billion; the increase in profits came about because of the earlier start on new-model production, economies ordered by Chairman Lynn Townsend, and the sell-off of a large inventory of cars. Both G.M. and Chrysler, late in the quarter, were helped to some degree by the U.A.W. strike against Ford...