Word: generalized
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Dates: during 1950-1959
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Stoppage for G.M. By the end of last week, General Motors had laid off 185,000 production workers across the U.S. Following nine Chevrolet assembly plants previously shut down, G.M. halted all production of Pontiacs, Oldsmobiles and Cadillacs, closed down all but one Buick plant. By the end of this week, General Motors production, now at a mere trickle, will be stopped completely. Chrysler has already laid off 5,000 workers in ten plants, by week's end will be forced to lay off many more. Ford cut back to three-and four-day weeks to conserve its dwindling...
...Trouble. Layoffs were spreading in other industries. At General Electric's appliance park in Louisville, 28% of the 11,000 employees have been furloughed. Caterpillar Tractor has laid...
...share v. $2.79 in 1958) on only slightly higher sales than last year, its directors recommended a two-for-one stock split, boosted the annual dividend rate from $2 to $2.40. For Westinghouse, the nation's oldest (73 years) and second largest electrical equipment maker (first: General Electric), the split climaxed a three-year drive to reorganize the company and recover from a crippling five-month 1955-56 strike...
With the effects of the steel strike still to be felt, bright earnings news last week also came from General Motors Corp., whose third-quarter profits doubled over the same period a year ago, and boosted nine months' net to $2.55 per share v. $1.39 last year...
...Dusty") Rhoades, new president of Kaiser Aluminum & Chemical Corp. When Henry J. won a contract to build the main spillway dam at Bonneville, Ore. in the mid '30s, he turned the job over to Edgar, then 25, and Clay Bedford, a boyhood chum, who is now general manager of Kaiser Aircraft & Electronics. Swift currents and widely varying water levels made the job a tough problem-but the dam was finished a year ahead of schedule...