Word: wages
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Dates: during 1980-1989
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...losses could more than double in succeeding years. Unwilling to battle that trend, the Tribune Co. put the paper up for sale last Dec. 18. After three fallow months, the company announced that Texas Wheeler-Dealer Joe L. Allbritton was "buyer of last resort." But when Allbritton demanded a wage rollback and a one-third slash in the $190 million payroll, union leaders balked, and the "last resort" disappeared. Everyone braced for the final step in a grim scenario that had been played out in Washington (the Star) and Philadelphia (the Bulletin), and that was soon to be repeated...
Unions fight a decline in membership and new wage concessions
With organized labor at its weakest point in years, companies are flexing their muscles as never before. Negotiators representing eight major steel producers last month turned down a union offer to give up $2 billion in wage and cost of living increases over three years. Management held out for concessions worth $6 billion. By taking a hard line, the companies are risking their first strike in 24 years when the current contract expires at the end of next July. Yet with the steel industry still suffering from excess capacity and slack demand, the union has little leverage in the talks...
...hard times does not always lead to better management-worker relations. In the early '70s, General Motors' Lordstown, Ohio, assembly plant was the leading example of "blue-collar blues," a malady caused by repetitive, dehumanizing assembly-line work. Today Lordstown workers are still angry because of the wage and benefit concessions they have been forced to accept. Says Bill Bowers, vice president of United Auto Workers Local 1112: "The people in this country expected us to do something to help the auto industry and the consumer. But the contract that the union brought back to the rank...
...union leader who has been most intimately involved in labor and management's struggle with the issue of conflict or cooperation. Since May 1980, he has been a member of Chrysler's board of directors, and it was Fraser who urged his members to accept wage concessions in 1979 so that Chrysler could qualify for $1.5 billion in Government loan guarantees. He has also backed reductions in pay increases to help Ford and General Motors. But at the same time Fraser must figure out how to keep his membership satisfied. He is leading the union negotiations with Chrysler...