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Word: applianceman (lookup in dictionary) (lookup stats)
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...appliance industry's problem is not so much a slump as a boom that failed to get off. As one G.E. applianceman explained: "Everybody was elated about the sensational golden '60s that were going to bust wide-open. We got a little over-optimistic." Production cutbacks are the or der of the day. Frigidaire last week laid off 1,150 Dayton-plant employees indefinitely. This week G.E.'s vast $300 million Appliance Park plant in Louisville shut down its refrigerator division for a week, laid off 4,500 workers. This month it will close its large home...

Author: /time Magazine | Title: Business: Bargain Day in Appliances | 7/4/1960 | See Source »

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