Ford Accepts Wage Plan in Latest Ford-Union Talks
The Detroit News reports Ford Motor Co has offered a guaranteed annual wage plan tied to a $55 million employee fund as part of new talks with the UAW. The move aims to provide pay during layoffs, with state unemployment benefits supplementing the rest. Showdown looms as talks with GM continue and factory walkouts occur, while workers at the Metuchen Mercury plant strike briefly over pace and demands.
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Reds Seek Early Release of Airmen Under Chinese Formula
U S and Western officials discuss a two part Chinese formula aimed at early release of imprisoned airmen and others. Geneva talks referenced two groups including 63 Americans detained as spies and 11 missing crewmen, with conditions tied to admissions and remorse.
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Senate Defeats Loan Favoring Aid Plan Amid Debate
The Senate rejected an amendment by Knowland Calrr to require at least half of the 11.6 billion development aid as Indian loans rather than grants. The chamber also defeated a bid for 75 percent loan ratio, opposed by the Eisenhower administration, after over three hours of bitter debate on the 3.42 billion yearly aid package. The leaders face a possible failure to vote before nightfall.
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Nixon Sees Last Chance for Peace at Big Four Meet
Vice President Nixon told Rotary International in Chicago the upcoming Big Four talks could be the world’s last chance to avert a catastrophic war. He said Kremlin negotiators will face global scrutiny and warned that Communist leaders may retreat temporarily without changing goals of world domination.
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Strike Talks Resume as Some Trucks Roll
Negotiations restart in a 14 day west coast truck strike. Five truckaway firms reach tentative deals enabling Chrysler and Studebaker plants in Los Angeles to resume production, as 4000 workers idled. Union demands included higher hourly increases while firms offered smaller raises, sparking mixed support among members. Pacific Motors Trucking Co entered a tentative pact, while divergent bargaining continues on long haul division points and driver relief.
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