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Today in Labor History

July 8, 1966
From July 8 to August 19, 1966, over 35,000 airline workers across the nation employed by five airlines went on strike. After several years of stilted wage gains as the airline industry invested heavily in jet technology, aircraft mechanics and other ground service workers represented by the International Association of Machinists (IAM) were anxious to share in the substantial profits of 1965. Facing a bargaining impasse between the IAM and the five carriers (United, Northwest, National, Trans World and Eastern) covered in the industry’s first multi-carrier labor contract, a Presidential Emergency Board presented a “compromise” package. In the summer of 1966, IAM members rejected this compromise and walked off the job in the largest strike in airline history. For 43 days during the peak summer travel season, 60 percent of the U.S. commercial airline industry was literally inoperative as 35,000 workers stayed out on strike.
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New Bill Cracks Down on Sky-High CEO Pay
Posted On: Nov 14, 2019
Nov. 14, 2019 | ORGANIZING | The Teamsters for years have been at the forefront of pushing back on excessive CEO pay. Now the union is glad to see some on Capitol Hill agree. Lawmakers yesterday rolled out the Tax Excessive CEO Pay Act, which would impose tax rate increases on companies with CEO-to-median-worker pay rates greater than 50-to-1. Penalties would begin with a 0.5 percent corporate rate tax increase for those at the lower end, rising to a five percent increase for companies with a ratio greater than 500-to-1. The tax is expected to raise $150 billion over 10 years. Several Teamster employers have been guilty of such pay disparity, including XPO Logistics, where CEO Bradley Jacobs’ pay exceed workers 361:1; Republic Services Group, where CEO Donald Slager’s pay is 183 times higher than the average worker; and UNFI, whose CEO Steven Spinner earns 96 times the company’s median worker… Teamster.org







 
 
Teamsters Local 992
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