LABOR: The 31% Raise

Will there be a steel strike when labor contracts run out on July 31? Union President I.W. Abel has vowed to call a walkout unless he wrenches from the steelmakers at least as much as he recently got from the can industry —a 31% hike over three years. Last week Abel moved a step closer to his goal. His United Steelworkers Union won a 31%-plus package from the aluminum industry in a victory that seemed to set an immutable wage pattern for basic metals industries.

Take a Strike. Despite severely declining profits, Aluminum Co. of America, Reynolds Metals and Kaiser Aluminum...

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