Word: three-year
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Other unions did not wait for steel to set a wage pattern, pushed in for the best deals they could make.¶ One hour before the expiration of a three-year contract, the United Packinghouse Workers and the Amalgamated Meatcutters got Armour's signature to a two-year contract raising wages 8½?an hour the first year, another 6½?the second. Fringe benefits brought the package to 22? over the life of the contract, ranged from three-week vacations after twelve years (v. 15) to establishment of a $500,000 fund through company contributions to help retrain...
...boyish Antonio Ordonez, 27, Dominguin's good friend and brother-in-law, met last week in a mano a mano (duel between two bullfighters instead of the usual three) to determine which is Spain's best. In the Valencia arena, Ordonez swiftly dispatched his three bulls, showed the lethal grace that has. won him 42 ears as trophies from 26 fights this year. Making a comeback after a recent three-year retirement, Dominguin (57 ears in 29 fights this year) dispatched his first two bulls with some trouble, did not attempt to delight the crowd with his show...
...precedent for a major industry, the steel companies let the negotiations sputter to an end without making even a minimum money offer for the workers to think about. The steelworkers had offered to settle for the 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...
Worried Stocks. Complicating the situation. United Steelworkers' President David J. McDonald last week presented union demands to the aluminum industry, whose contracts lapse July 31. Dave McDonald wants the same windfall for his 32,000 aluminum members as for his 500,000 steel-industry members: a three-year contract with a 15? hourly wage-and-benefit boost every year, plus cost-of-living hikes. The U.S. aluminum industry is softer than steel; if management accedes to a neat compromise package-perhaps iof an hour-it might speed a settlement in steel. If not, the aluminum workers may soon join...
...settlement, David J. McDonald, boss of the 1,250,000-member United Steelworkers union, had slipped away last week from bargaining sessions, flown to Pittsburgh for a private talk with Vice President Nixon. McDonald pleaded for government help to break the deadlock. He remembered the record 62½? , three-year wage package won by the steelworkers in 1956 after Labor Secretary James Mitchell and Treasury Secretary George Humphrey pressured management, knew that this time both Nixon and Mitchell were anxious to see a no-strike settlement. But the Administration stuck firmly to its hands-off policy. When President Eisenhower later...