Word: forded
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Dates: during 1980-1989
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Spring, with its annual promise of rebirth and renewal, touched all parts of America last week except Detroit. The United Auto Workers were pressed into accepting contract concessions at General Motors, just as they had been earlier at Ford. Meanwhile, the Big Three carmakers watched as new car sales continued to lose a battle against recession, high prices, prohibitive interest rates and an invasion of imports. Automobile sales figures for the second ten-day selling period in March were grim: off 43.5% from the year-earlier pace...
...February, the Ford Motor Co. and the U.A.W. reached agreement on a 31-month contract that cut some worker benefits in return for a measure of job security, profit sharing and a "guaranteed income stream" for senior workers. Last week the U.A.W. and GM struck a similar, though not identical, bargain. This week and next, the contract is going through the ratification process by 470,000 GM workers. Approval seems certain...
Automakers, of course, still have many other problems to solve in their drive to win back consumers. Management continues to have trouble producing the reasonably priced, high-quality cars that Americans are demanding. Many inefficient industry-wide policies, like the control of inventories, need modernization. The Ford and GM settlements, though, are an important start down a new road...
...biologist, but as a budding ornithologist Emperor Hirohito may just have to feather his reputation some other way. During a recent visit to Tokyo's Ueno Zoo, the Emperor dropped in on a special, eight-month-old friend-her parents were a gift from former President Gerald R. Ford during Hirohito's state visit to the U.S. in 1975. But Japan's most famous young bird seemed unimpressed with her imperial visitor. Hoping to change the fowl's nonchalance, Hirohito studied the crane avidly, then moved in to try his hand at feeding. Still no recognition...
...Teamsters Union has signed a contract with major trucking firms providing for reduced benefits and no wage increases, and the United Auto Workers has agreed with the Ford Motor Co. on a contract containing wage and other concessions calculated to save the company $1 billion in labor costs over the 31-month life of the contract. U.A.W. and General Motors bargainers last week sat down to work out a similar deal that both sides hoped to have ratified by the union rank and file next week. On the other hand, economists are by no means sure that labor will continue...