Word: wage
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Dates: during 1950-1959
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...George Grivas, mysterious leader of the EOKA terrorist underground, who once pledged himself to keep on fighting, no matter if everyone else gave up? Would he be pardoned by the British, sit down with them as Makarios' Defense Minister, and regale NATO councils with advice on how to wage guerrilla war? What would happen to the island's strained economy if most of the British and their families pulled...
...jumping the gun on wage increases, Cannon not only avoided having the textile industry ordered about either by the union or the Government. He also got in first with a 6% to 7% wage increase, lower than some competitors had been discussing, and well within the ability of his company and the industry to pay in the light of textiles' growing recovery from its long postwar slump (TIME, Dec. 8). Since the last pay raise in 1956, textile productivity has risen...
...Cannon of North Carolina's Cannon Mills Co., the nation's third largest textile company (towels and sheets), has long had the reputation for going it alone both as a businessman and as an employer. Last week Cannon added to his reputation. He raised the minimum wage at Cannon Mills (effective Feb. 13) to $1.25 an hour, up from the company's present starting pay of $1.12. Those of his 24,000 employees now earning above the old minimum get 10? an hour more. Scores of mills ranging from West Point (Ga.) Manufacturing Co. to Avondale Mills...
...good employees in the rapidly urbanizing and industrializing South. There are 552,000 textile workers in the Carolinas, Virginia, Georgia, Alabama and Tennessee. Recently, President J. Spencer Love of the nation's largest textile firm, Burlington Industries Inc. (52,000 employees), suggested that Congress raise the national minimum wage, now $1, to $1.25 an hour, so all mill operators would have to go up and none could chisel on wages to undercut his competitors on prices...
...rush to build inventories as a hedge against a steel strike this summer. The three-year contract with the A.F.L.-C.I.O. United Steelworkers runs out July 1, and the steel union has already done some tough talking about the big pay package-estimated at $1 billion a year in wage increases and benefits-it expects to demand. Most steelmen, along with their customers, expect a strike. The automakers, trying to lay in enough steel for their 1959 models and part of their 1960 production, guaranteed their suppliers against loss if they in turn would buy ahead. But many a steel...