Word: strikes
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Dates: during 1980-1989
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Both sides in the dispute realize that a strike at the financially hemorrhaging carrier may finally send Eastern to "the corporate graveyard," as Lorenzo puts it. Eastern posted record losses of $335 million in 1988 and since then has been losing an estimated $1 million a day, a deficit that can only grow during the strike...
...National Mediation Board, a federal agency that steps into deadlocked labor disputes, has tried in vain since January 1988 to bring the machinists and management closer together. As a federally mandated 30-day cooling-off period ticked down to the strike deadline, the mediators called on President Bush to establish an emergency board to examine the dispute, a move that would ! have delayed the strike an additional 60 days. The mediators pointed out the potential widespread impact of the strike, since the AFL-CIO has threatened to disrupt rail, bus and airline transportation across the U.S. in support...
...Bush refused to intervene, contending that such a move was unlikely to produce an agreement. He also warned the unions against staging secondary boycotts of other carriers. As the strike deadline approached, Eastern's management made a last-ditch offer to reduce its wage-concession demands to $125 million, but IAM viewed the concessions as still too large...
Eastern's 3,600 pilots pledged to honor the strike even though Lorenzo had appealed to them at midweek via a 20-minute video taped at his Houston home. Said Lorenzo: "If the pilots, the flight attendants and the noncontract employees support the picket line and don't show up for work, Eastern cannot survive." As the tape rolled, Lorenzo took out a new contract he was about to offer his pilots and signed...
I.A.M. officials heatedly denied the charges. Said Frank Ortis, vice president of IAM Local 702 in Miami: "Our people are professionals. There is no sabotage." But as the strike got under way, 3,000 IAM members vented their anger outside Eastern headquarters in Miami. Some hurled rocks, bottles and cinder blocks, while others charged the gates...