Steel Industry and Union Announce New Contract, President Calls Terms "Noninflationary"
Mar. 31, 1962 - The steel industry and the United Steelworkers of America announced agreement today on new contract terms. President Kennedy said the terms were “obviously noninflationary and should provide a solid base for continued price stability.” The accord settles the nation’s major collective bargaining problem of the year. It will provide a pattern for settlements covering thousands of workers in steel fabricating, aluminum making, and can-manufacturing plants. Presid