An Analysis of the Steel Settlement

by Council on Wage and Price Stability on June 13, 1977
by Council on Wage and Price Stability

The recently signed collective bargaining agreements in the steel industry involved the first major settlement on the heavy 1977 bargaining calendar, and could influence other important negotiations later this year. Bargaining in steel is more centralized than in most American industries. The United Steelworkers (USW) negotiated with the ten Coordinating Committee Steel Companies (CCSC), and the resulting agreementscover practically all USW bargaining units in those companies. The settlement covers all wage and benefit issues and changes in contract language. Under the Experimental Negotiating Agreement (ENA) unresolved local issues are left for resolution by the parties at the plant level. Individual plant strikes may be called over defined local issues that are unresolved by the July 31 deadline, but only after secret ballots of the USW locals involved and authorization by the Union’s International President.

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