WAGES & SALARIES
Rarely does a big union group agree to a major wage cut. But this week some 20,000 A.F.L. hosiery workers in Pennsylvania, Indiana and Wisconsin broke the trend, took a 15% to 25% cut. If they had refused, chances were that the 29 mills where they work would close down. Northern hosiery manufacturers have been hard hit by competition from the South's predominantly nonunion mills. With the wage cut, the northern companies are hopeful that they can compete again. Said one unionist: "We don't like this. But it is a matter of survival for the northern unionized mills."
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