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Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
Jan 13, 1950
Page
7
The piece argues Bethlehem Steel raised prices by four dollars a ton to offset pension costs, boosting profits by about forty eight million. It questions who benefits from the December 1949 to March 4 1950 period and warns against monopolistic industry actions harming free enterprise.
Mountain States Division 17 reports no inability to pay but seeks wage cuts in smaller towns. Southwest Division 20 union votes 4 to 1 for a strike. company refuses wage increases and offers renewal with no reopener while seeking tighter leaves of absence. Division 55 New Jersey pushes recognition. New Jersey governor may seize the Telephone Company for arbitration if mediation fails. Division 65 North Carolina notes the union’s wage data request and delay. Western Electric asks written bargaining demand on pensions. Division 33 cites $42,000 extra wages offered by Bluefield, West Virginia unit.
Division leaders announce weekly wage demands of 4.10 and a plan for payroll shortening, affecting divisions 1 18 14 16 23 33 34 36 45 46 49 50 56 61 62 and 68. The mood remains unsettled as the industry eyes possible disruption unless negotiations progress.
No company to date has pleaded inability to pay. Why or why then don't the companies at least make a token offer of some sort. Your guess is as good as mine.
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