Business: Stevens Accord

Semi-cease-fire in the South Everybody stood up, held both hands, and was waving and yelling." So said Gladys Wright, a cloth inspector at a J.P. Stevens & Co. mill in Roanoke Rapids, N.C., describing the scene last week in the local high school's auditorium. Allowed to vote as a result of a hard-fought union-management agreement, 900 Stevens employees unanimously approved the first collective-bargaining contract between the Amalgamated Clothing and Textile Workers Union and the nation's No. 2 textile maker, which has led labor's enemies list for nearly two decades. Stevens workers in three other cities ratified similar contracts.

Although the...

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