Labor: Dream Come True

"This," cried Jimmy Hoffa, "is one of the finest contracts ever negotiated in the U.S." For Teamster Boss Hoffa, it was also the fulfillment of a long-held dream: to bring Teamster locals under the umbrella of a single national agreement with truckers.

More than 400,000 Teamsters in 400 locals are covered by the three-year agreement with key industry executives in Chicago last week. For the Teamsters, who now get $3.02 to $3.28 an hour, it means a three-step pay raise of 280 an hour, with another $5 a week per man for the union's medical-care and pension funds. For the...

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