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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Brookshire Times
Location
Brookshire, Texas, United States of America
Date
Dec 02, 1949
Page
2
Union contract signals industrial alliance while defense policy ambiguity grows. Industry profits show continued up‑trend as analysts note mixed signals in labor relations and congressional directions.
The United Steelworkers and Bethlehem Steel sign a pact ending the strike for 80,000 Bethlehem workers. The agreement funds minimum pensions for those 65+ with 25 years service and creates a social insurance plan. CIO President Philip Murray calls it a triumph and predicts further industry patterns.
The article argues Truman faces a contradiction between urging strong defense and trimming the air force budget and naval fleet. It notes the navy cut 31 ships, 54,891 personnel, and a reduced active fleet, while industry profits rise but strikes threaten jobless totals and future earnings.
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