Word: unionizing
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Dates: during 1950-1959
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Worried Stocks. Complicating the situation. United Steelworkers' President David J. McDonald last week presented union demands to the aluminum industry, whose contracts lapse July 31. Dave McDonald wants the same windfall for his 32,000 aluminum members as for his 500,000 steel-industry members: a three-year contract with a 15? hourly wage-and-benefit boost every year, plus cost-of-living hikes. The U.S. aluminum industry is softer than steel; if management accedes to a neat compromise package-perhaps iof an hour-it might speed a settlement in steel. If not, the aluminum workers may soon join...
...hardship, but most had a nest egg and meat in the freezer. Workers got one to two weeks' pay before the mills closed (average: $125 a week before deductions ). still have another two to three weeks' vacation wages coming. Dave McDonald halted the pay of 1,000 union officers, including his own $50,000 a year, for the duration of the strike...
...President Eisenhower to invoke the Taft-Hartley Act, seek a strike injunction that would bring the workers back to the plants for 80 days. Said Chairman Paul Carnahan of Great Lakes Steel Corp.: "I doubt that a settlement, when it comes, will originate with either management or the union. We will have to wait until an air of crisis begins to develop nationally...
...GRAND UNION Co. Sales went so well in the company's chain of 440 food stores that profits in the first fiscal quarter jumped...
...that he has lost count, manages a huge personal fortune ($40 million)-and still finds time to hustle continuously from continent to continent as envoy extraordinaire of U.S. capitalism. This week Norman Winston hopped off to Moscow to help open the first American National Exhibition in the Soviet Union as a special adviser to Fair Coordinator George V. Allen...