A Win For Labor At Usx
The other shoe dropped at USX. Its U.S. Steel unit gave in on Nov. 22 to union demands for job security and a say in how the company is run. Sources involved in the talks say the biggest concession is a labor seat on the board. USX refused to grant the director's seat in contract negotiations early this year, and talks broke down around the issue in March. But Inland Steel, then the other major steelmakers, agreed to the union's demands in exchange for six-year contracts and productivity gains. USX "had no choice after the other companies went along," says a participant in the talks.
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