United States Steel Corporation

projected insurance costs in excess of the predetermined base are such that
the 3 cents cost-of-living adjustment is completely offset. A further wage
increase is to be made effective October 1, 1961, as well as a possible costof-living
adjustment.
The agreements with the Steelworkers covering insurance, pensions and
supplemental unemployment benefits continue in effect through December 31,
1962, but are subject to renegotiation at the same time as the basic labor
agreements which expire on June 30, 1962.
The committees on human relations research and on local working conditions
provisions established by the 1960 agreement with the United Steelworkers
of America met from time to time during the year. Their activities
to date have been exploratory, and no final recommendations have been
made on any of the subjects discussed.
Operations at various plants were interrupted during 1960 by strikes called
by the United Steelworkers of America and the Brotherhood of Railroad
Trainmen against certain subsidiary railroads furnishing common carrier
service to those plants.
The contract with the United Mine Workers of America negotiated in
December 1958 by the Bituminous Coal Operators Association on behalf of
its members, including U. S. Steel, and terminable on or after November 30,
1959, on 60 days' advance notice by either party, continued in effect during
1960. Payments made to the United Mine Workers of America Welfare and
Retirement Fund in connection with U. S. Steel's coal mining operations
during 1960 amounted to $7.2 million.
Under contract check-off provisions, $9.1 million was deducted in 1960
from wages of employes for union dues, service charges, initiation fees and
assessments, and remitted to authorized union officials. The corresponding
amount deducted and remitted in 1959 was $6.8 million.
The total number of work stoppages in 1960 was 39 as against 67 in 1959.
Manhour losses in 1960 were estimated at 1.4 million, as compared with 108
million in 1959 which reflected largely the steelworkers' strike.
Employes, hours and wages
The average number of men and women employed was 225,081. Total payroll
in 1960 amounted to $1,504.0 million and manhours worked during the
year aggregated 409.0 million.
Weekly hours of work for all employes averaged 34.8 in 1960, compared
with 35.1 for the year 1959 and 38.2 for the first half of 1959. Average
hourly earnings for the year 1959 were abnormally affected by the steelworkers'
strike in the latter part of that year. Accordingly, the 1959 hourly
and weekly earnings shown below are for the first half of the year, the prestrike
period.
16
Year 1960
First Six Months -1959
Hourly
$3.68
$3.67
Weekly
$127.81
$139.89