Word: strikingly
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Minutes after Steelworkers' President Dave McDonald and U.S. Steel Vice President John A. Stephens flagged an end to the 27-day steel strike one day last week, reporters were called into their negotiating room in Manhattan's Roosevelt Hotel to hear the news. Said McDonald: no "battle" had been involved in the on-and-off-again negotiations. "This has not been a class struggle. We are just partners who tried to arrive at an understanding...
Delivered with McDonald's best executive-suite air (TIME, July 9), the remark was nonetheless a valid summary of the strike in the nation's basic industry. In the U.S.'s relaxed, expanding economy, big steel and the United Steelworkers had tangled, separated, and then returned to settle their .differences with a minimum of bitterness...
...compromised their final difficulty: Stephens cut his five-year contract demand in return for a softened version of the weekend premium plan. In negotiations last week in Manhattan, the technical details were worked out. The major ele ments in the settlement: ¶ For the industry: a threeyear, no-strike contract, the first in 20 years...
Long-Range Health. The settlement leaves both industry and workers in good shape. During the strike, the mills have substantially reduced high inventories, will probably run for the rest of the year at full-capacity level. Many of the strikers had two or three weeks of paid vacation coming, and the companies are allowing them to charge it off against time lost by the strike. With overtime, the strikers will probably be able to make up the rest of their wage loss. On the other hand, the steelmakers will probably raise prices, adding somewhat to the inflationary pres sures...
...walkout seemed dim, though Government-inspired negotiations were expected to continue this week in Manhattan. Despite the deadlock, the National Industrial Conference Board found one bright note: the settlement, when it comes, should produce a new fillip to the economy. The board recalled that the eight-week steel strike of 1952 "produced a strong, but relatively short-lived, boom" as manufacturers built up their inventories, and a strike of similar or less length in 1956 "could well produce the same results again. However unfortunate a steel strike may be on other grounds, most analysts agree that it would materially improve...