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OCR Page 1 of 8Cy# 3
CONFIDENTIAL
ms. starle
April 9, 1952
TO:
John R. Steelman,
Acting Director of Defense Mobilization
FROM:
Nathan P. Feinsinger, Chairman
Wage Stabilization Board
RE:
Steel Negotiations in New York
On Friday morning, April 4 you asked me to go to New York
to assist the parties in settling their dispute. Following are the
main developments between my arrival in New York at 1:15 PM on
Friday and 11:50 PM Tuesday, April 8 when I left by train for Washington,
D. C.
Summary of Board Recommendations
1. Length of contract: 18 months - January 1, 1952 - July 1, 1953
2. Wage rates; An increase of 12¹ cents per hour effective
January 1, 1952; an additional cents effective July 1,
1952; a further 2¹ cents effective January 1, 1953. No
wage reopening for the entire period of 18 months. Aver-
age increase for the year 1952 -- 13 3/4 cents. Average
increase for the entire 18 months period -- 15 cents.
3. Fringe adjustments:
Vacations: 3 weeks vacation after 15 instead of 25 years
of service
Holidays: For the 6 paid holidays named in the contract,
straight time when not worked; double time instead of time
and a half when worked
Shift Differentials: 6 cents instead of 4 cents for the
second shift; 9 cents instead of 6 cents for the third
shift
Terms
Subject
Labor disputes
Relations
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