- |
BUSINESS

1984 and beat back a management demand to contract out
more work.

In Point-au-Pic, Que., 260 former unionized employ-
ees at the Manoir Richelieu hotel fought new owner
Raymond Malenfant, who refused to recognize their

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In a dispute of a different sort, about 17,000 Ontario
doctors closed their offices and reduced hospital
By TONY VAN ALPHEN for 25-days to protest the provincial government's ban on
Canadian Press extra billing.

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The strike sign slashes against a bus full of
replacement workers as it crawls through a picket line. A
jail door slams on a union leader. A worker wears a black
scarf in memory of a man who died after a labor march on
a hotel.

Images such as these, from vicious strikes in
Alberta, Newfoundland and Quebec, graphically illustra-

Although figures from Labor Canada on strikes and
lockouts are incomplete, government officials acknow-
ledge that the final numbers will show labor unrest
increased i in 1986 from previ: years.

‘The officals says the jump indicates workers want to
catch up after accepting wage increases that for several
years were lower than the inflation rate.

ted labor's frustration and
in 1986.

In recent years, millions of Canadian workers have
taken wage cuts and made other i while

But employ still feel strongly about holding the
line below inflation.

The Conference Board of Canada found in a survey
that emp! expect annual increases of 3.5 per cent in

improving productivity and curbing walkouts.

But in 1986, more workers across the country were
willing to forsake their paycheques and stick it out on the
picket line for a principle.

Despite the country’s overall economic recovery,
many employers told workers at the bargaining table
that they needed more concessions to remain competitive
in today’s dog-eat-dog world markets.

READY TO FIGHT

“As far as workers were concerned, the recession
wasn't over for them,” said Gerard Docquier, Canadian
director of the United Steelworkers of America, in
summing up the year.

“When employers kept coming back for more cuts,
there appeared to be a greater determination by workers
to resist. They were in more of a fighting mood and I
think it will be that way again in 1987.”

A common thread through many strikes was
workers fighting the erosion of their jobs and traditional
rights.

More than 20,000 forestry workers in British
Columbia stayed off the job for five months to stop the
contracting out of their work. About 1,800 workers at the
Gainers meat packing plant in Edmonton sought wage
parity with counterparts elsewhere, but ended up trying

1987 for unionized workers, while inflation will hover
around four per cent.
LINES DRAWN?

Kathryn Filsinger, industrial relations adviser for
the Canadian Manufacturers’ Association, said her group
understands that labor wants to at least match the
inflation rate. But a lot of companies have decided that
gains made in the last few years should be spent on
expanding and making sure they can compete.

“It's a different world out there in which we are
competing than 10 years ago, and if labor plans to dig in..
_ conflict is probably inevitable,” she said.

However, Pradeep Kumar, associate director of the
industrial relations centre at Queen's University in
Kingston, Ont., said he doesn’t expect more labor unrest,
since there are signs the economy is slowing down and
unemployment is on the rise.

PROTECT JOBS

“Job security is still the paramount concern,” he said.

“Things have become more orderly and a lot of
companies and unions have become more realistic on
what each other needs. Some employers are not being
realistic and that's when there's unrest.”

Union leaders are also concerned about governments
taking away what labor says are basic rights, through

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to get their jobs back from replacements brought in to legislation ending or outlawing strikes.
run the- plant. The strike was punctuated by violent Kumar said he expects unions to continue
Clashes with police and attacks on buses carrying the emphasizing pay equity for women and organizing
non-union workers. workers, which saw major gains by some unions in ‘86 but
WENT TO JAIL stiff opposition in areas like retail stores and financial
In Newfoundland, 5,500 government employees _ services.
walked off the job in March and September to protest Labor is also waging a multi-million-dollar campaign

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legislation making strikes illegal for up to 49 per cent of
union members. Union president Fraser March and
provincial NDP Leader Peter Fenwick were sent to jail
for four and two months respectively for violating a court
order against picketing during the illegal strike.

In Thunder Bay, Ont., about 1,200 grainhandlers

against a freer-trade agreement with the United States
and deregulation of industries like transportation and
communications.

Labor believes those plans will mean massive
upheaval for millions of workers, pressure by manage-
ment for more concessions, but no guarantees of new

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five weeks. They won their first wage increases since

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Lawyers toil over mergers

NEW YORK (AP) — Many
of Wall Street's high-priced
lawyers are spending the
holidays skiing in Colorado or
sunning in the Caribbean, but
John D'Alimonte isn't with
them.

D’Alimonte, a partner in
the New York law firm of
Willkie, Farr and Gallagher,
specializes in helping com
panies with mergers and ac
quisitions.

As a result, he has little
time for his family, never
mind a vacation. He isn't
alone.

Dozens of takeover law
yers and investment bankers
on Wall Street have been
toiling up to 20 hours a day
recently to complete a rash of
deals by midnight tonight.

That's when the new U.S.
income tax law takes effect, a
law that makes many types
of mergers more expensive
tax-wise for both buyers and
sellers.

Companies have been ma
king deals at a frenzied pace

it’s great fun making phone
calls on Christmas Day, but I
serve a client,” said D’Ali
monte, in this case referring
to Pandick Corp., a financial
printing concern being ac
quiréd by an investor group.

The investment bankers
primarily advise companies
on the merits of acquisitions
and help arrange the fi
nancing. And- the bankers’
work is mostly done for this
year's deals.

“The big workload occur
red in early to mid-December
and to that extent it is now
down to a trickle,” said
Daniel Good, head of mer
chant banking for Shearson
Lehman Brothers Inc.

“Most of the major advice
has been given and taken,”
Good said, “and most of the
senior people have decided to
go south or skiing and the ju
nior people are left to clean
up the details.”

At the law firms, senior
and junior lawyers continue
to feel the pressure of take-
over documents before 1987
arrives.

The lawyers are hand
somely rewarded for their
long hours.

Six-figure incomes are the
norm, and first-year associ
ate lawyers at Willkie, Farr
and Gallagher earn $65,000
U.S. with the prospect of a
$5,000 U.S. bonus.

The legal teams at the top
takeover law firms also in

clude people of more modest
means, including word
processing specialists, secre
taries, telephone reception.
ists, proofreaders and mess.
engers.

Such a harried pace, if sus
tained, threatens a team
member's family life and
can lead to “burnout,” ac-
knowledged Kenneth Bialkin,
co-chairman of Willkie Farr.

D'Alimonte agreed, noting
that “you can't do this if
your families aren't suppor
tive

SMALL BUSINESS
ACCOUNTING

Does The Press
Measure Up?

Fairness and accuracy are essential
elements of good newspapers. The
B.C. Press Council works to ensure
that standards are upheld

A voluntary body, the council
considers specific, unsettled com-

This year you
may not be
quite so lucky.

PLUMBING & ELECTRICAL
2317-6thAvenve 365-7702

Call a Cab

365-7222

Take the

Season's Greetings

We're coming your way
with thoughts of thanks
to all our friends
and customers!

Operating 24
Hours a Da’
Throughout the

Holidays.

Castleger

plaints from the public about the
conduct of the press in gathering
and publishing news and opinion
Address complaints or enquiries to:
British Columbia Press Council
P.O. Box 46355, Postal Station G
Vancouver, B.C. V6R 4G6

to capture the current law's COMPUTERIZED FINANCIAL STATUMEN
tax advantages, and it’s up to | fs:Fo- monogement or tox purposes
the lawyers and bankers to
finish the deals before Jan. 1

“Even though we carry a
substantial backlog of proj
ects into next year, with the
tax law there has been a real
focus on year-end closings.” to Help You!
said Willard Overlock, who

OFFICE AID
manages the mergers and

acquisitions department at )

“ySaScoom | EVENING CREDIT COURSES

man, Sachs and Co.

RETURNS TO WORK
D'Alimonte was able to

This winter Selkirk College offers the following credit courses on the

evening timetable. Courses start January 12, 1987, and are offered on the

Castlegar Campus

Bus or
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DESIGNATED
DRIVER!

Season’s Greetings

From the Management & Staff

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Thinking of dear friends, old and new
‘and wishing them all a season of
unending, olde-fashioned delights !

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enjoy Christmas at home, but
even then a pending takeover
required he spend two hours
on the telephone. The next
day, and again on Sunday, he
was back in the office until
midnight

“I don't particularly think

31371dWOD V ONIDIAONd
ONWUNSNI JOHOD

Season's
Greetings

Sending oversized
greetings to you
all for a Merry
Magical Holidoy

COURSE OFFERINGS INCLUDE:

Math 50 — Intermediate Algebra & Trigonometry Mon. & Wed. 7-9:30 p.m

Chemistry 50 — Basic Principles of Chemistry 1, Tues. & Wed. 7-9:30 p.m HOLIDAY HOURS

Math 100 — Calculus 1, Mon. & Thur. 7-9:30 p.m , skagen

Physics 50 — Introductory Physics 1, Wed. 6-10:30 p.m Dec. 24, 25 & 26 — CLOSED

English 111 — Introduction to Literature, Tues. & Thurs. 7-9 p.m De OPEN

Business 167 — Microcomputer Applications in Business, Tues. 7-10 p.m

Computer Science 265 — Microcomputer Applications, Tues. 7-10 p.m OPE N NEW
YEAR'S DAY!

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Psychology 100 — Introductory Psychology Wed. 5:30-9:20 p.m
Thanks to all

our loyal customers

CASTLE TIRE
(1977) LTD.

Castlegor
1050 Columbie Ph. 365-7145

For registration information
contact the Admission Office N

(@(ABRIEL’S

CASTLEGAR CAMPUS

Box 1200, Castlegar, B.C. VIN 3JI
365-7292

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to senior citizens
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