NBC Evening News for Friday, Apr 12, 1974
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(Studio) United Steel Workers of America and steel industry agree on 3 year contract providing for 11% wage increases 1st steel union contract every negotiated under no strike pledge.
REPORTER: John Chancellor
(DC) Workers now get $5.80 hour; $6.45 with raise. They'll get higher wages as cost of living rises, larger pensions, and free dental insurance Ind. spokesperson calls it costly; hints at higher steel prices. [Ind. spokesperson Heath LARRY says situation to produce uncomfortable economy] [USW I.W. ABEL says not inflationary move.] [LARRY says is inflationary move.] No controls on how high steel industry can raise prices.
REPORTER: Irving R. Levine
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