Labor: Shared Victory

Despite intense Government pressure, negotiators for General Electric and eleven A.F.L.-C.I.O. unions seemed hopelessly deadlocked. Then, with only 60 hours to go before 125,000 workers were scheduled to strike, G.E. raised its offer by a tiny amount; though the raise fell far short of their demands, union leaders seized it rather than risk an 80-day Taft-Hartley-Act injunction against the walkout.

General Electric had already proposed pay raises of nearly 5% in each of the next three years, plus fringe benefits and a cost-of-living escalator clause that might add as much as 3%....

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