Word: hardes
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Dates: during 1950-1959
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...hard-pressed appliance men, the turnabout came none too soon. Said Westinghouse Vice President Richard J. Sargent: "We are confident that the recession for this industry is over." Most of the industry agreed. Items: ¶Borg-Warner's Norge Division reported that September sales were up 29% for the best month in nearly two years. The company recalled more than 600 workers in three plants, put them on two shifts. Says Norge President Judson S. Sayre: "The way orders are landsliding, we could be sold out for the year by October 15." ¶General Electric's Appliance Park...
...Chrysler, traditionally plagued by the industry's poorest labor relations, agreed to grant greater preference to high-seniority workers when rehiring. In return, the U.A.W. accepted a cutback in company-paid union stewards and a tougher no-strike clause to prevent the wildcat walkouts that have hit Chrysler hard for the past three years...
...agreement restricting coffee exports, but, by failing to curb overproduction, their real problem, left open the question of how long the agreement would work. Now the U.S. is also taking the lead in setting up a study group to plan a stabilization board for the world's hard-pressed lead and zinc producers. It favors these plans in the hope that they may replace unpopular import quotas that have alienated friends, such as the quotas put on lead and zinc imports to protect domestic producers...
...steel industry is not competitive economically with the Soviet steel industry. We have yet to learn this the hard way, but one day we shall." So last week said Alfred S. Glossbrenner, president of Youngstown Sheet & Tube Co., sixth biggest U.S. steelmaker...
When will U.S. steelmen learn "the hard way" that they cannot compete? Answered Glossbrenner: As soon as the Soviets have satisfied their own domestic demand for steel, start dumping cut-rate steel abroad, upset world markets as they did this year in aluminum and tin. Glossbrenner said that the U.S. can get competitive only by spurring workers' productivity. One way to do it, he advised, is for "strong" managers to hold the line on wages until workers become more productive, and to create "an overall attitude of discipline in the mills that strengthens the right of management to make...