Word: furloughs
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Dates: during 1970-1979
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...that the company in 1974 will suffer the first full-year loss in its history. (Profits in 1973 were $40 million; at their peak in 1966 they totaled $151 million.) Last week Volkswagen closed down most of its West German plants and gave 45,000 workers a two-week furlough with partial...
Suddenly the underground Kurdish army re-emerged from a four-year furlough. Supply lines to several Iraqi army garrisons were cut, and other military units were surrounded. Last week the Kurds began shooting at helicopters resupplying the food-short garrisons. According to the Kurdish radio, the Iraqis responded by bringing their Soviet-built bombers into action for the first time, laying waste to eleven Kurdish villages...
...hurt. Though the energy crisis is boosting sales of small cars, it is crippling sales of big ones (TIME cover, Dec. 31), and last week U.S. automakers announced a 27% cut in production for January. General Motors last week laid off 38,000 workers indefinitely, and will temporarily furlough 48,000 more...
...guards' union gained the political support of the Boston Herald American, which used the issue as a source of sensational stories. The furlough program, for example, depended on the voluntary return of the prisoners and had a 98.6 per cent success. In the few instances when prisoners did run off, the Herald printed front-page stories condemning the entire furlough system...
...production from standard-sized autos to fuel-saving small cars. The Big Three announced last week that November sales totaled 772,795 units, down a startling 118,000 from a year earlier. Layoffs are also spreading into supplier industries: Davidson Rubber Co., the largest employer in Dover, N.H., will furlough 200 of its 1,400 employees for at least two months because of waning orders from the automakers who buy its arm rests and other components. In Pennsylvania, 3,000 employees of Leeds & Northrup, an electronics firm, will be idled for a week as their plant shuts down to save...