Word: settlements
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Dates: during 1960-1960
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Noninflationary Settlement. And when the workers overwhelmingly reject the offer, what then? Chances are that with the Taft-Hartley injunction running out on Jan. 26, leaving the union free to resume the strike (which ran a record 116 days before the injunction), the Administration will demand third-party arbitration, and the industry will accept...
...wise arbitration panel, mindful of the public interest, might say: Let management drop its bungled demand for authority to change work practices; let the union accept management's demand for a noninflationary wage settlement keyed to productivity. But past performances of federal mediation boards suggest that the panel may split the difference between the industry's 2.7%-a-year package and McDonald's demands, which the industry estimates at 5% a year. Such an outcome would stir a new ripple of price increases. Predicted a high steel executive last week: "If a third party writes the settlement...
...Krupp von Bohlen und Halbach, sole owner of the billion-dollar Krupp industrial combine, agreed last week to pay up to $2,380,000 to former Jewish slave laborers. Under the agreement, negotiated with the same Conference on Jewish Material Claims Against Germany that won a $6,430,000 settlement for former Jewish slave laborers from the I. G. Farben chemical trust in 1957, Krupp will pay 5,000 marks ($1,190) to any Jew who can prove he worked under duress for a Krupp enterprise...