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...Louis, 300 district leaders of the United Auto Workers overwhelmingly approved the contract worked out earlier with General Motors. The contract was sent to the rank and file for ratification by Oct. 14. Despite creation of a $1 billion fund for retraining workers displaced by automation, there could be some balking. Says Pete Beltran, president of Local 645 in Van Nuys, Calif.: "The ratification vote will be much closer than people think." Autoworkers were grumbling that the annual wage hike for the next three years will be just 2.25%. Economists, though, feared that wages and benefits were still...
Both GM and the union were outwardly optimistic last week that the contract will be approved by workers. Said Warren: "We are confident that this agreement, reached after tough but professional negotiations, will be ratified quickly." Concurred Bieber: "I'm confident that once the leadership and rank and file have a chance to look at it, they will accept...
...union members. The first step in ratification will take place Wednesday, when the agreement is put before a special meeting of the 300-member unit council of local union leaders in St. Louis. If they approve, the accord will then go to the rank and file for their assent. Voting could take up to ten days...
...Says Scott Merlis, a securities analyst for Shearson/ American Express: "The Autoworkers' agreement is a watershed in the sense that we are moving from the British model of confrontation to the Japanese model of cooperation between labor and management." But it still remains to be seen if the rank and file will conform to that new model...
...crumbs." Universal Pictures Chairman Frank Price, who is grooming a young black for the rank of high-level executive, argues for Realpolitik: "If you say, 'Let's make X number of black pictures,' you're not being financially responsible." That depends on just what number X is. There is a market; there is a need. As Norman Jewison notes, "All people need heroes. And Hollywood isn't providing blacks with...