CORPORATIONS: Exit Profit-Sharmg

Unions and profit-sharing have seldom mixed. General Electric Co. had no mass production union in 1934, when it established a plan to share profits with employees of five years' service. When the United Electrical, Radio & Machine Workers, C.I.O. came in, its leaders won changes in the plan until nearly all the workers also shared benefits. The result, said President Charles E. Wilson, was that the plan was no longer an incentive. Last week, G.E. said it would drop the plan at year's end.


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