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"Western Airlines' 1,200 pilots have approved a new round of salary and benefit concessions that would save the company $107 million by the end of 1986 if the rest of the unions also go along, Western said. Last fall Western's five labor groups voted to accept pay cuts that will save the company about $42 million by the time they expire late this year. In exchange, they got 32 percent of company's stock, a profit-sharing program and a seat on the board"--The New York Times, Sept. 1, 1984. Gerald Grinstein, CEO of Western Airlines, holds a profit-sharing check.
1 photographic print :b&w ;29 x 36 cm. Photographic prints