Word: goodrich
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Trouble has already begun. A twelve-week-old strike in the rubber industry spread last week to Goodyear, the only major company that was still untouched (though Goodrich and General Tire reached tentative agreement on a contract). At the same time, a strike hit the copper industry, affecting eight companies that account for more than 80% of the nation's output. In a small but violent dispute (at least 20 people injured), workers walked off the job at Virginia's Newport News Shipbuilding & Dry Dock Co.-the first general strike at the world's largest shipyard. Meanwhile...
Lesser labor disputes flared across the nation. Contracts covering 75,000 rubber workers at Goodyear, Firestone, Goodrich and Uniroyal run out April 20. Although Washington observers were optimistic that a strike would be avoided, an industry leader has already hinted that rubber prices are likely to go up as a result of expected increased labor costs of as much as 6%. More than 12,000 members of the Communications Workers of America have voted strike authorization to their negotiators with Western Electric Co., Inc., where their contract expired March 25. Talks have been held under day-to-day extensions...
...come equipped with an inflatable spare tire that will save enough trunk space for an extra Scotch cooler. Called the Space-Saver, the spare takes up half as much room as an ordinary tire, can be inflated when needed with a Freon gas can. Developed by B. F. Goodrich, the minispare is guaranteed to last 1,000 miles, will retail at $32.80. Goodrich is also working on a tire whose sidewalls, in the event of a puncture, will fold inward, leaving the tread to form a tight, flexible band around the wheel. Former Chrysler President William C. Newberg...
...Along with four new vice chairmen: General Electric President Fred J. Borch, B. F. Goodrich President J. Ward Keener, Federated Stores President Ralph Lazarus and Hewlett-Packard Chairman David Packard...
...since last spring in a price-cutting war that may cost the companies $125 million in lost revenues this year. On the tire front, Goodyear will start building a $14 million factory this month near Heidelberg to boost its 7% share of the market and keep up with B.F. Goodrich, which is already working on a new $25 million plant. The two, along with Uniroyal and Firestone, are still far behind German-owned Continental, which accounts for well over 30% of all tire sales...