Word: chrysler
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Dates: during 1940-1949
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...cost-of-living raise which General Motors gave the United Automobile Workers (see below) seemed to have settled the dust on the labor front. Chrysler ended its strike with a raise. Other companies seemed almost certain to follow suit. And the stockmarket, after years of acting half ashamed of itself, had suddenly become as confident as a vegetarian with a Lionel Strongfort exercise book...
...only averted a strike; it had put Chrysler, Ford and many big parts makers on the spot. G.M. was looking ahead to the return of competitive selling, wanted no breaks in production. This week President Wilson announced that G.M. planned no price changes on its cars as the result of its new wage pattern...
After six days on strike, the 76,000 Chrysler workers were determined but glum. They had reduced their original demand for a 30?-an-hour wage increase to 17?, but the company showed no signs of budging. It had withdrawn its original 6? offer. Truth was that Chrysler was short of steel anyway, could easily sit the strike out for a while until supplies accumulated. The U.A.W. executive board grimly asked its members to contribute $5,400,000 to its war chest. "It looks like a long, tough strike," said a grey-haired mechanic...
...Only Chrysler was out of step. It furnished a prime example of how the profits of the industry-with a break-even point well above that of prewar-might melt if production had to be trimmed. Chrysler, nipped by shortages and wildcat strikes, reported a gross of $336,519,790, up only 6% from last year's first quarter. But its net profit was down 30% to $14.9 million...
...closed the Buick, Oldsmobile and Pontiac assembly plants for a week. Plymouth also shut down for a week. Ford, which had closed earlier for model changes, had not got back to volume production. On top of the steel shortage were the threats of the rambunctious C.I.O.-U.A.W. to strike Chrysler and G.M. (see NATIONAL AFFAIRS...