1947 Press Photo New York Share of Production Pay/Retirement Plan Review NYC

SHOWN AT THE WALDORF ASTORIA HOTEL AUG 21 AS THEY EXAMINE THE "SHARE OF PRODUCTION PAY AND RETIREMENT PLAN" FOR THE HOURLY EMPLOYEES OF THE CONTINENTAL PAPER COMPANY ARE: (LEFT TO RIGHT, SEATED) W.J. ALFORD JR, PRESIDENT OF THE COMPANY, AND GEORGE CANNIE, PRESIDENT OF LOCAL 299, UNITED PAPER WORKERS OF AMERICA, CIO; STANDING, LEFT TO RIGHT) ANTHONY ADAMO, REGIONAL DIRECTOR OF THE UPWA, AND ALLEN W RUCKER, AUTHOR OF THE PLAN. PURPOSE OF THE PLAN IS TO PROVIDE A MEANS WHEREBY THE EMPLOYEES MAY HAVE AN OPPORTUNITY OF INCREASING THEIR IMMEDIATE EARNINGS AND OF CREATING A PENSION FUND TO PRIVIDE RETIREMENT INCOME. THROUGH THE PLAN THE EMPLOYEES RECEIVE A SHARE OF THE PRODUCTION VALUES WHICH THEY HELP TO CREATE.

Photo is dated 1947.

Photo measures 9 x 7 inches.