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...role by Community members in easing East-West tensions. Moreover, without concerted industrial cooperation, the ailing economies of the Ten will find it difficult to deal with the technological challenge from Japan and the U.S. Nor can Western Europe bargain confidently with the U.S. over festering trade problems in steel and farm products...

Author: /time Magazine | Title: Summits,Venezuela: Aggravation in Athens | 12/19/1983 | See Source »

Other unions in such industries as automobiles, steel, rubber, mining and trucking are also taking a pounding. Their bargaining strength has been blunted, master contracts broken, picket lines crossed. Today union workers are often confronted with a no-win ultimatum: accept a pay cut or lose your jobs. Unemployment in these industries is high because of intense competition and slow growth. Even though the economy is now generally expanding at a robust pace, unions have not regained their former bargaining muscle...

Author: /time Magazine | Title: Labor Gets a Working Over | 12/19/1983 | See Source »

Equally tough bargaining methods are being used in the steel industry, where extensive concessions by labor have still not led to company profits. Last week U.S. Steel told 10,000 workers in Chicago, Cleveland, Birmingham, Johnstown, Pa., and Trenton, N.J., that all or part of their plants would be shut down unless they granted concessions that go beyond those in the basic steel contract. The company wants reductions in health benefits, work-rule changes and more flexibility in the use of outside contractors...

Author: /time Magazine | Title: Labor Gets a Working Over | 12/19/1983 | See Source »

...Steel seeks more protection

Author: /time Magazine | Title: Old Headache | 12/19/1983 | See Source »

...Steel is once again protesting about imports. Only this time the object of the complaint comes from a different direction. The battered industry, which lost $3.2 billion during 1982, had been feeling somewhat buoyed earlier this year. In October 1982, the Government had persuaded the European Community, one of the heaviest shippers of steel to the U.S., to hold back exports for a while. The other big exporter, Japan, had been voluntarily restricting sales. The results were dramatic. In the first nine months of this year, Japan reduced shipments to the U.S. by 35% compared with the same period last...

Author: /time Magazine | Title: Old Headache | 12/19/1983 | See Source »

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