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Story
December 1, 1949
The Camas Hot Springs Exchange
Hot Springs, Camas, Sanders County, Montana
What is this article about?
The 1940s-era U.S. steel strike, the costliest in American history, concludes on Armistice Day as U.S. Steel agrees to CIO demands for employer-funded pensions ($100/month for qualifying workers) and shared insurance costs, with other firms following suit.
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STRIKE ENDS:
Steel Costliest
America's costliest steel strike ended, appropriately enough on Armistice day, with the CIO steelworkers winning demands for an industry-financed insurance-pension formula.
THE CAPITULATION Of U. S. steel, bellwether of the industry as regards labor relations, brought an end to the crippling strike. Four smaller firms settled on the same terms the same day, terms which followed the pattern accepted by Bethlehem steel, first big company to sign with the union.
According to a CIO spokesman, the union-company agreement embodied such terms as a minimum $100 monthly pension to workers aged 65 with 25 years service, with the employer paying all the cost, and an insurance program, costing five cents an hour per man, with the company and worker sharing the cost.
Steel Costliest
America's costliest steel strike ended, appropriately enough on Armistice day, with the CIO steelworkers winning demands for an industry-financed insurance-pension formula.
THE CAPITULATION Of U. S. steel, bellwether of the industry as regards labor relations, brought an end to the crippling strike. Four smaller firms settled on the same terms the same day, terms which followed the pattern accepted by Bethlehem steel, first big company to sign with the union.
According to a CIO spokesman, the union-company agreement embodied such terms as a minimum $100 monthly pension to workers aged 65 with 25 years service, with the employer paying all the cost, and an insurance program, costing five cents an hour per man, with the company and worker sharing the cost.
What sub-type of article is it?
Historical Event
What themes does it cover?
Triumph
Justice
What keywords are associated?
Steel Strike
Cio Union
Pension Agreement
Insurance Program
Armistice Day
What entities or persons were involved?
U. S. Steel
Cio Steelworkers
Bethlehem Steel
Where did it happen?
America
Story Details
Key Persons
U. S. Steel
Cio Steelworkers
Bethlehem Steel
Location
America
Event Date
Armistice Day
Story Details
America's costliest steel strike ends on Armistice Day with CIO steelworkers winning demands for industry-financed insurance-pension formula; U.S. Steel capitulates, followed by four smaller firms, matching Bethlehem Steel's earlier agreement including $100 monthly pension and shared-cost insurance.