Word: strike
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Dates: during 1960-1969
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...British Newfoundland Corp. Ltd., the Canadian firm charged with developing the immense $1 billion Churchill Falls hydroelectric complex in Newfoundland; in the crash of a company jet that claimed the lives of five other project executives; near Labrador City, Newfoundland. McParland's death was the second tragedy to strike the project, biggest of its kind in North America; his predecessor, Donald Gordon, died of a heart attack last...
...line in Northeast Airlines' 1968 annual report ought to win a corporate-euphemism award. Almost since its first flight in 1933, Northeast has been a kind of New Haven Railroad of the skies. It made a profit only once in the past twelve years-in 1966, when a strike grounded competitors. Otherwise, it lost up to $10 million annually. Last week, however, "The All-Steak Airline" became a pioneer of sorts. After numerous unsuccessful efforts to sell Northeast, Storer Broadcasting Co., which owns 86% of the stock, induced Northwest Airlines to take it. The merger would be the first...
...immediate cause of the scarcity was a four-month strike at International Nickel Co., which mines well over half of the West's nickel, mostly from the ore fields at Sudbury, Ont. Last week union negotiators and Inco reached a tentative but shaky agreement that would increase the average hourly pay of workers from $3.10 to $3.98 over three years. If finally accepted, the Inco deal would also be the basis for ending a parallel work stoppage at Falcon-bridge Nickel Mines, a smaller Ontario firm. Even after work is resumed, however, the delivery pipeline will not be refilled...
...have become common. Manufacturers in civilian markets are in a constant scramble for nickel, some of them patronizing a black market and paying as much as $9 a pound. Small businessmen have taken the hardest beating; they did not have the capital to lay in large supplies before the strike. Eventually, consumers will have to pay more for carving knives, stainless-steel golf clubs, snowmobiles, faucet handles and other nickel-bearing products...
...Search Goes On. Even before the Canadian strike, supplies of nickel were short. Inco, whose executives concede that production has not kept up with demand, is now spending about $150 million annually to increase its Canadian output from last year's 450 million pounds to 600 million in 1972. This capital outlay is larger than the $144 million that Inco earned after taxes on its sales of $767 million last year...