AUTOS: Labor Lesson

Henry Ford II got an eye-opening, if dispiriting lesson in labor relations. Three months ago, he had agreed to U.A.W.-C.I.O. demands for a pension plan that would cost the Ford Motor Co. around $200 million (TIME, July 7). Young Henry's plan was as revolutionary as his grandfather's $5-a-day wage was in 1914. The U.A.W., which had threatened to strike if it did not get the plan, apparently agreed. It loudly proclaimed that the joint U.A.W.-Ford pension plan would be a pattern for all other automakers to follow. But last week, as the...

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