Word: wage
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Dates: during 1980-1989
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Under the offer accepted by Texas Air, Ueberroth and Thomas Talbot, a former airline executive from California, would own 30 percent of the airline. Eastern's unions would get another 30 percent of the company in exchange for wage and work-rule concessions. The remaining 40 percent would be held by new investors, including Drexel Burnham Lambert Inc. and Ardshiel Inc., a smaller New York firm...
Many union leaders and rank-and-file members have said they would accept wage and benefit concessions to help resurrect Eastern if they were given independence from Texas Air, which acquired the 60-year-old carrier in early 1986 for about $600 million...
Under current Massachusetts law, most unemployed workers are granted weekly benefits roughly equivalent to 50 percent of their average weekly wage for the previous year...
...proposed legislation, which will go before a hearing of the Joint Commerceand Labor Committee this morning, would establisha new formula granting low-income claimants up to80 percent of their weekly wage...
...compromise may be possible. Democrats initially resisted Bush's demand that employers be allowed to pay their newest employees a subminimum, so- called training wage of $3.35 during their first six months on the job. The House acquiesced but set a two-month limit on the training wage. If the Senate extends the subminimum to three months, Bush may decide to go along with a higher rate than he originally proposed...