Corporations must bargain with unions on stock purchase plans if the company contributes toward purchase of shares. So ruled the U.S. Court of Appeals in Washington last week in a precedent-setting decision. In a case involving Richfield Oil Corp. and the C.I.O.'s International Oil Workers Union, the court upheld a National Labor Relations Board ruling that Richfield's stock plan (jointly financed by worker and company contributions) was in effect a wage increase, thus a bargaining matter. Richfield, which will appeal the case to the U.S. Supreme Court, argued that the ruling "permits the union to represent employees not only...
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