General Electric let out a premature cry of protest last week at the new demands of the International Union of Electrical, Radio and Machine Workers, although the present contract does not expire until October. On the union's list of wanted goodies were supplementary unemployment benefits (guaranteed annual wage), a union shop, improved pensions and continued cost-of-living provisions. But what really bothered G.E. was I.U.E. President James B. Carey's demand that his union receive all the gains of any increase in plant productivity.
The union contract, signed back in 1955, provided for wage increases ranging from 3% to 3.48%. Carey says...
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