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Over the Counter Steel Agreement Reached August 1974
The contract runs three years from August 1974 with core terms kept. It covers cost of driving and incentive pay rises, details not disclosed. Union President J W Abel and major U S steelmakers negotiated it, approved by the International Executive Board this week. The deal follows a 1971 industry slump that reduced employment and profits, prompting stockpiling and weak orders. The industry says a crisis bargain is avoided as talks continue.
MENTIONED IN THIS ARTICLE
Pittsburgh
United Steelworkers of America
USW
United States
Canada
J. W. Abel
Recember International Executive Board