Abstract

Editorials
November 12, 1949 issue

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The agreement between the Bethlehem Steel Corp. and the United Steelworkers appears satisfactory, but it remains to be seen whether it will set a pattern for the whole industry. There were two reasons why this company proved the easiest -to crack despite its reputation for toughness. First, its chairman, Eugene Grace, probably welcomed the chance to pay off his grudge against "Big Steel" for breaking the united front of the industry in past strikes. Second, it had operated a non-contributory pension scheme for twenty-six years and so could hardly oppose the principle. The agreement it has signed means raising payments for men reaching the age of sixty-five after at least twenty-five years' service from $50 to $100 a month.

See Also:

CONTRACTS; BETHLEHEM Steel Corp.; UNITED Steelworkers of America; PENSIONS; STEEL industry & trade; EMPLOYEE fringe benefits
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