Word: backlogging
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Akron-world's largest rubber manufacturing center and the very core of the U.S. war effort-last week produced at 15% below capacity despite a five-year backlog of munitions orders. Instead of the patriotic hustle & bustle which throbs in most defense-plant towns, Akron was a gigantic time bomb, relentlessly, awesomely ticking. Over the place hung a pall of suspicion, bitterness, hatred. Management and labor wrangled, sparred and fought. Root of the trouble is the six-hour day started by management during the depression, now grimly held by the union as a labor "asset...
...C.I.T. started looking for an industrial outlet for its capital, picked Holtzer-Cabot because of its peacetime possibilities, its reputation for precision manufacturing, its backlog of war orders, its 1,300 highly skilled employes, its nifty earnings record. First thing C.I.T. did with its new baby was to jump everyone's wages 10%, assure all officers they would keep their jobs. C.I.T. intends to keep Holtzer-Cabot as a "permanent investment," will expand operations if things go right...
...sales of $31,565,000. Because the company is a prime Air Corps contractor, this year's figures are secret. One clue: because skyrocketing production has greatly reduced unit costs, the Army last March was able to chop $40,000,000 off the company's backlog by merely shaving prices...
...Boeing is one of the three biggest U.S. heavy-bomber makers (the others: Martin and Consolidated), has sidelines in training planes, multi-place gliders and huge Navy flying boats to boot. Its order backlog is near $1 billion (v. only $23,000,000 in 1939); its 40,000 workers hatch warbirds three or four times as fast as a year ago. And, despite near-confiscatory taxes, its profits after taxes this year may top the whopping $6,113,000 earned last year...
Bechtel & McCone like such back-patting, but they have bigger goals ahead. In the first six months of 1942, the U.S. built 228 ships and admitted 332 sinkings. So Bechtel & McCone are talking of more work, more expansion, faster production. They have plenty to work on: Calship has a backlog of 224 Liberty ships (worth about $350,000,000), almost seven times the 35 vessels the yard has delivered to date...