Word: wages
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Dates: during 1970-1979
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...moment, neither side would disclose the terms of the settlement. But presumably the machinists, already the best-paid nonflying airline union (top hourly wage: about $8), got raises and reassurances about jobs, while United reaffirmed its prerogative to deploy its work force as it sees...
Meanwhile, there was a new chance for a settlement in National's long strike. The airline's 1,200 hostesses shut down the airline on Sept. 6 after President L.B. ("Bud") Maytag rejected their wage and work-rules demands. National and the Air Line Pilots Association, which negotiates on the national level for the flight attendants, reached an agreement in October calling for a $114 rise in the monthly minimum salary, to $750-an 18% increase...
...central issue in the strike is economic, not personal: the pressmen's wages cost the company $5 million a year, one-third of it in overtime according to the Post. In previous contracts, management had given the pressmen control over setting people's work schedules and determining the size of work crews. The union had used this control, charged the Post, to enable the average pressman to supplement his $14,000 basic wage with $8,000 in overtime per year. Complains Graham: "They frequently scheduled themselves to get as much overtime as possible-sometimes at the expense...
...could perhaps conclude that we are coming out of the most acute phase of the recession." But overall industrial output is down 12% from 1974, and 1.2 million workers are jobless; another 800,000 are on short time. Industrialists fear, too, that an improving climate may encourage wage demands and strikes that could abort the recovery...
BRITAIN is experiencing a slowing of the rate of decline in gross domestic product, an indication that the economy is bottoming out. Still, the country faces huge obstacles. Prime Minister Harold Wilson's pact with the unions, which holds wage increases to $12 a week, could reduce the inflation rate from this year's staggering 25%. But unemployment, now 1,250,000, is expected to remain at that painfully high level next year, and economic growth is forecast to be a paltry...