Word: wages
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Dates: during 1980-1989
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Meanwhile, in the airline industry, labor last week suffered another setback. Responding to a threat by Chairman Frank Borman that Eastern Air Lines faced bankruptcy, three major unions agreed to accept wage cuts of up to 22% next year and work-rule changes worth $367 million. In return, according to Eastern's Machinists Union President Charles Bryan, workers will get 15 million shares of stock and be able to designate candidates for two seats on the airline's board...
...installed as company president. But losses continued :o accumulate, and six weeks ago Rath filed for bankruptcy. As part of the reorganization plan, Taylor wants 1,500 production workers to give up some of the generous medical benefits that he once helped negotiate and extend a $2.50-per-hour wage cut that is due to expire at the end of this month. Workers are bitter. Says Richard Campbell, 25: "I can't afford to take another pay cut, and we can't afford to lose the maternity benefits." Votes Taylor: "They have a big stake in he survival...
...last year to raise or lower fares. That helped trigger price wars between the two big carriers, Greyhound and Trailways. To trim costs, Greyhound asked that unionized drivers take a 9.5% pay cut and thereby provoked a strike that is now in its second month. Employees rejected a new wage offer last week, and Greyhound said it would continue its effort, started three weeks ago, to rebuild service with nonunion drivers...
...concerns is that there are an awful lot of interesting jobs...with organizations that cannot pay that wage." Secretary to the Law School Faculty Stephen M. Bernardi '52 said last week...
...reform" with P.L.O. dissidents who oppose his policies. The battle, in reality, was nothing less than a crude move by Syria to squelch Arafat once and for all and seize control of the P.L.O. Faced with the gloomy choice of fleeing Lebanon or surrendering, Arafat elected to stay and wage battle. Yet no matter how long he holds out, the siege last week seemed to presage his eclipse as a prime player in Middle Eastern politics. His predicament leaves the future of the P.L.O. cloudy and serves as a sad reminder that despite Arafat's years in power...