STATE OF BUSINESS: Summer Strike?

Dave McDonald, the Steelworkers' handsome chief, put on his best scowl last week as he posed for a TV film, and essayed some rolling perorations in the inimitable manner of the master, John L. Lewis. McDonald cried that in the current negotiations the steel industry had made an "about-face" on 20 years of collective bargaining, and given his union an "ultimatum" to accept a "substandard contract." After four weeks of negotiating between McDonald and U.S. Steel's John Stephens, the industry's chief spokesman, the differences boiled down to i) a union demand for a 28.3¢ an hour "package" deal v. a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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