Labor costs meet stiff resistance in steel talks
UPI reporting from New York notes that steel negotiations reflect management resolve to curb rising labor costs. Dun and Bradstreet survey of corporate presidents warns this could be the toughest contract season since World War I with productivity as the key battle line and management seeking stricter seniority rules and limits on subcontracting.
MENTIONED IN THIS ARTICLE
New York
UPI
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Dun & Bradstreet
Dun and Bradstreet
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Auto Makers Stockpile Steel for Four Months
Detroit reports auto industry relies on steel for about a fifth of U S output and can run on current supplies to mid November. Companies stockpiled in anticipation of a steel strike and warned suppliers to reserve for a potential shortage while GM cautions on exact duration and supplier estimates.
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Detroit
APS
United States
General Motors
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