CRISIS IN WOOL TRADE
UNIONS REJECT OWNERS’ PROPOSALS NEGOTIATIONS ENDED Australian and N.Z . Press Association Reed. noon. LONDON, Monday. Twenty- two unions, embracing 150,000 employees of the wool trade in the Bradford district, rejected the employers’ proposal for a reduction of 8.3 per cent, in wages. The reduction involved an average loss of 4s 7d out of 54s lOd weekly for men, 2s out of 32s 3d for women. The employers, who had previously rejected an arbitration proposal, replied "regretting that the operatives had chosen to ignore the position and needs of the industry. The negotiations must therefore be considered ended.” Several firms have already individually given notice of 10 per cent, reductions. A meeting of the National Council of -the Textile Unions fs being held on October 26. At Bradford, business is more restricted. Quotations are advanced protectively, the result of the wages ballot being awaited with anxiety.
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Sun (Auckland), Volume III, Issue 800, 22 October 1929, Page 9
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149CRISIS IN WOOL TRADE Sun (Auckland), Volume III, Issue 800, 22 October 1929, Page 9
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