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Hidden profits claim in steel industry disputed by United Steelworkers
United Steelworkers charges that steel firms hid wartime profits to fund a 225 million dollar annual wage rise. The National War Labor Board found wartime profits were not swollen but below peacetime returns. Reserves for wear and contingencies are necessary and not a wage fund, government agencies confirm. Our company members employ 95 percent of steel workers.
MENTIONED IN THIS ARTICLE
United Steelworkers of America
CIO
National War Labor Board