MANAGEMENT: Bundy Saves & Shares

Like other members of the United Automobile Workers of America, C.I.O., the employes of Detroit's Bundy Tubing Co. wanted a raise of 18½¢ an hour. Said Bundy flatly: nothing doing. Labor productivity was down 50%, and the company could not afford higher wages.

The U.A.W. knew that productivity had fallen. But the unionists insisted on the raise anyway. Bundy's president and majority stockholder Wendell Anderson, son of one of the founders of the Ford Motor Co., told them how they could get it: work on an incentive wage plan. Said the U.A.W., which hates such plans: no go. After much...

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