[ No headline ]

Are unions casting contract moderation to the wind?

Unions settled for less in talks during the first nine months of '82. Major agreements reached through September boosted wages an average 3.8 percent in the first year of the new contracts. That's less than half the 8.3 percent average in settlements reached by the same unions two or three years ago. At 3.8 percent , pay increases in new contracts failed to keep up with inflation - 4.8 percent for the first nine months of this year. Increases for 2.7 million workers average 3.5 percent over the full terms of new contracts, compared with 6.4 percent in the last round of talks. The low '82 average reflected the wage freezes in auto and trucking contracts early this year and a dip in building-trade settlements.

There are signs that the price for new contracts will rise. Moderation appears to be out in union talks with Chrysler, in the farm and roadbuilding equipment industry, and in other industries.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK