Word: boost
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...same terms they won in 1956 after a 36-day strike: a three-year contract with a yearly raise of about 15? an hour, plus a cost-of-living escalator clause. Management's counteroffer: either 1) a one-year extension of the present contract with no wage boost and abolition of the present escalator clause that ties wages to the cost-of-living index, or 2) improved pension and insurance benefits, plus a "modest" wage increase next year, in return for union concessions on work rules...
...national feeling that Japan, while growing economically strong, is still "the orphan of Asia," disliked by its neighbors, ignored or discounted by the West. Sensitive Japanese are already wincing at the journalists' jeers in England at the discovery that a London public relations firm had been hired to boost the Premier's stock there. Other Japanese fear a disaster like the visit to London of Foreign Minister Aiichiro Fujiyama, who insisted on making a TV appearance. When, with the camera on him, he was shown a box of Japanese ball bearings that copied a well-known British brand...
...change Vatican working hours from the traditional 8 a.m.-to-2 p.m. schedule, to answer the complaints of many foreign prelates, diplomats and newsmen, who have long protested that it is almost impossible to get the ponderous, antique machinery of the Vatican to grind after lunch. Together, the wage boost and hour stretchout will probably cut down on the Vatican tradition of "moonlighting," i.e., taking on extra spare-time jobs...
...industry felt that the companies were willing to give perhaps 10? an hour (TIME, June 29) if the union permitted them to reclassify jobs, eliminate featherbedding to take full advantage of automation, make other changes to improve efficiency. Such an exchange, the industry figured, would not boost overall payroll costs, thus causing a rise in steel prices. But the union rejected the swap, arguing that management's talk of featherbedding was "pure, unadulterated bunk...
...customers had enough inventory for seven weeks or more, would still be there as a clamoring market for steel once a strike was over. Steelmen also counted on the fact that U.S. steelworkers, already the highest paid of the Big Three unions, are aware that a wage-and-price boost might bring more inflation to nullify a pay rise, give a boost to foreign competition, and eventually cost jobs in the mills. The most remarkable point of a new Gallup poll out this week is not that 51% of those polled said that steelworkers should get no pay raise...