NEW YORK (May. 16)
Some 450 employes of the Israel Bond Organization have gone out on strike in a dispute over a new contract. The strike by members of Local 1707, Community and Social Agency Employes, which affects 60 Bond Organization offices throughout the country, began Friday midnight when the old contract expired. Efforts by both sides to avert a walkout failed after nine hours of bargaining on Friday at the office of the State Mediation Board. The State agency’s intervention was requested by the Bond Organization with the approval of the union. Spokesmen for neither side were available today for comment.