Word: backlogs
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...reasons for the industry's cutbacks is the fact that as of Dec. i, the latest count, an unwieldy backlog of 1957 model's-some 90,000 cars-was still on hand. They pushed the total of dealers' unsold cars up to 510,505 v. 398,243 on Dec. i last year. With those sobering statistics in mind, the industry last week also slashed projected first-quarter output -by 5.6% of production originally scheduled...
Most of the planemakers will probably have to find some new financing. Boeing Airplane Co., which rolled out its first civilian 707 jet transport last week and has a $2.1 billion backlog of military orders, estimates that it will have to borrow between $150 million and $200 million to meet payrolls and other costs. But after all the rumbles of wholesale layoffs shutdown plants and delays in plane deliveries, Boeing President William McPherson Allen seemed satisfied with the new targets. He expected to escape ''precipitous'' job cutbacks; he also predicted that both the Air Force...
...prime example of the planemakers' dilemma was Seattle's Boeing Airplane Co., the Government's biggest defense contractor, with a $2.1 billion backlog of orders. Boeing faces the deferment of more than $350 million in payments due for the rest of fiscal 1958. If the Air Force sticks to its new schedule, and the company cannot expand its $100 million bank credit, Boeing will be forced into a major production slowdown, says senior Vice President Wellwood E. Beall. Boeing is already closing its 1500-worker plant at Everett, Wash.; it has chopped employee overtime, temporarily abandoned...
Football has 18 managers and crew has eight, but the other sports have staffs of only two or three managers, composed mostly of juniors and seniors. Although there has not been a large backlog in past years, the situation has not been as serious as it is at the present, according to Glenn Irvine '58, President of the Council, and head manager of football...
...year the executive branch added 30,000 employees-the Post Office took on 12,611 new workers to handle the increasing torrent of mail; the Civil Aeronautics Administration had to cope with the swelling flow of air traffic; the Patent Office hired new employees to pare down the growing backlog of patent applications...