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Tentative Agreement Reached to End Strike by Israel Bond Organization Employes

June 21, 1971
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A tentative agreement to end the five-week long strike by 500 professional and clerical employes of the Israel Bond Organization was announced this weekend by the organization and the striking union. In announcing the tentative settlement, Leon Bernstein, executive vice-president of the bond organization, and Richard Morton, executive director of Local 1707, Community and Social Agency Employes, AFL-CIO, said the employes will meet tomorrow to ratify the agreement and if they do, they are expected to be back at work Tuesday at the national headquarters here and at some 60 branch offices throughout the United States. The average salary for professional workers under the expired contract had been $14,000 a year and the average clerical workers salary was $126 a week, according to the union. Wages were one of a number of issues in the dispute which led to the strike last May 14. Officials said terms of the tentative agreement were being withheld pending the ratification vote.

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