Word: boosted
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Dates: during 1950-1959
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...similar study at G.E. Where a union suspects that the time study is being used by management to cut pay or fire workers, the stopwatch will always make trouble. But properly used, the time study is a tool that can not only cut costs and hike production, but boost both workers' wages and company profits...
...booming rubber industry, Goodyear Tire & Rubber Chairman P. W. Litchfield announced the biggest expansion program in his company's history: $114 million to increase production both at home and abroad. In the U.S. new plants and machines will boost production of tires, foam rubber, aircraft products, flooring and chemicals, while overseas new Goodyear tire plants will spring up in Scotland, Colombia, Venezuela and the Philippines. Said Litchfield, noting Goodyear's record 1955 sales of $1.3 billion and $59 million profit: "Our plants, both in this country and abroad, have all been operating at full capacity during the past...
...president since last fall, Banker Waugh has worked hard to boost overseas loans. Back in the early days of the Administration Treasury Secretary Humphrey, who had to lend the bank its funds, was skeptical, wanted to cut down. But after studying the bank's consistent profits ($59 million in fiscal 1955), he became an ardent booster, hand-picked Waugh and backed his policy of increasing the flow of loans. Now President Waugh is funneling out new loans at a greater rate than last year. Among them: $19.6 million to the Santos-Jundiai Railway in Brazil...
...while unsold cars spilled over onto abandoned airstrips and playing fields. And there was worse to come. Britain's No. 1 automaker, British Motor Corp. (Morris, Austin, M.G., Riley and Wolseley) last week announced a 7.5% price increase. Though Britons rushed to buy new cars before the price boost went into effect, the industry still had 70,000 unsold autos at week's end and will find it even harder to sell its output from...
FREIGHT RATE BOOST will give U.S. railroads another $400 million in revenue annually. After looking at spiraling costs in the railroad industry, the Interstate Commerce Commission has granted U.S. roads a series of "just and reasonable" increases, ranging up to 6% on a wide range of products from coal to lumber; however, most farm products will be held to a 5% increase...