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Depository Trust workers settle.

In the securities industry, the Depository Trust Co. and the Office and Professional Employees union settled on a 3-year contract, ending a 14-day strike by 1,400 clerical workers. The New York City company, which is cooperatively owned by the industry, processes securities transactions. The company contended that it operated "as well or better than usual during the strike," using managers and trained volunteers.

Settlement terms included 5-percent salary increases at the beginning of each contract year, and improvements in medical benefits. Prior to the settlement, average pay was $376 a week, according to the union.
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Author:Ruben, George
Publication:Monthly Labor Review
Date:Oct 1, 1985
Previous Article:Auto workers contract eliminates two-tier pay.
Next Article:Public sector mediation.

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