UNITED STATES OF AMERICA COUNCIL ON WAGE AND PRICE STABILITY, In the matter of: Ace Industries and the ABC Workers of America (ABC)

by Council on Wage and Price Stability on November 15, 1979
by Council on Wage and Price Stability

The Office of Pay Monitoring of the Council on Wage and Price Stability (Council) has examined information relating
to the June 15, 1979, three-year collective bargaining agreement negotiated between Ace Industries (Ace) and ABC (the Union). On the basis of this examination, the Council has reason to believe that the collective bargaining agreement between Ace and the Union is not in compliance with the Voluntary Standards for Noninflationary Pay and Price Behavior, 6 CFR Part 705, and specifically with Section 705B-3 (Application of the Pay Standard to Collective Bargaining Agreements).  The voluntary standards and implementing procedures are authorized by the Council on Wage and Price Stability Act, as amended, 12 U.S.C. Section 1904, note, and E.O. 12092. Failure to comply with the standards can result in the placing of a company’s name on a public list of noncompliers, 6 CFR Section 706.54.

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