The Nation : Oil Union Accepts Pact

The Oil, Chemical and Atomic Workers accepted Amoco’s proposal for a two-year pact, which union leaders said would lead to a settlement of a nationwide contract dispute between 46,500 workers and 80 petroleum companies. The agreement, subject to ratification by the 4,800 Amoco employees it covers, includes a $1,000 lump-sum payment for each employee the first year, a 2% raise the second year and increases in company contributions for health benefits, union officials said in Denver.