To no one's great surprise, the United Auto Workers announced that its first strike target will be Ford. The U.A.W. set the deadline for this week, unless a new contract is signed. Ford said it was actually relieved that the showdown was set, promised to sign only the kind of contract that would be fair to its stockholders and customers as well as its workers, "whether it comes before or after the deadline." At week's end Ford said that it would make a new offer to the union.
Management, while giving no ground on wages, hinted at a willingness to sweeten pensions...
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