AUTOS: Pay Cut for Willys

When Adman Ward Canaday bought control of Willys auto company in 1936, he resolved never again to have a strike such as the one that cost Willys $25 million and all but wrecked the company 20 years before. Canaday's method was simple. He promised to pay better wages than anyone else in the auto industry, in exchange for a no-strike pledge from the United Auto Workers. Willys has not had a strike since. But when Henry Kaiser bought the company last year (TIME, April 6. 1953), he found that Willys, in addition to the usual cost handicaps of an independent,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!