Word: waging
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Dates: during 1980-1989
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...ballyhooing its profits, because company negotiators are scheduled to sit down with United Auto Workers' officials this summer to negotiate a new contract. Increased profit sharing is expected to be an important U.A.W. demand. Under a 1982 agreement, the auto workers gave major wage concessions to GM and got back, in part, a profit-sharing program that will give $322 million to employees out of 1983 earnings. That comes to an average of $640 for each eligible worker...
...turnaround. Chrysler, with its U.S. Government-guaranteed loans paid back ahead of time and sales zooming, will resume paying dividends on its common stock in April, the first such payout in five years. As part of the Washington bailout, Chrysler workers were given stock in return for wage concessions. Since the average worker now owns 159 shares, the 150-a-share dividend will mean about $24 each for 68,000 Chrysler employees. Chairman Lee A. Iacocca, with as many as 565,000 shares, will be a particularly big winner: an estimated $85,000 in dividends...
...white plastic card with the blue writing, the photographic paper, and the flashbulb cost $2. Five minutes of the photographer's time is worth at most a dollar, and that's assuming a wage scale more appropriate to junior partners in a New York law firm. Oh, all right, throw in the insurance necessary to cover the possibility that the camera will explode in a hail of plastic shrapnel. That's still only $5, and a $20 overhead strains credulity, especially since you're already paying for overhead with the $665 College Facilities...
...sides are unable to reach an agreement on a health plan by then, Harvard will substitute an additional wage increase in lieu of added medical benefits, Joseph W. Nigro, business agent of the International Brotherhood of Electrical Workers Local 103, said...
...maintenance Trades Council, which represents Harvard engineers, plumbers and electrical workers, accepted a plan calling for wage increases of between 4 and 7 percent this year, and an additional 3 to 6 percent in each of the next two years, a union official said yesterday...