Word: layoff
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Dates: during 1960-1969
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...Layoff Bonuses. Governments usually stay clear of the negotiations, except to appoint a mediator occasionally, when the bargaining is especially tough. The government contributes to labor peace through selective intervention to aid the unemployed. Sweden's National Labor Market Board has a highly honed intelligence system to warn of impending layoffs in plants. Often, the board establishes an employment office on the spot to arrange to retrain workers and find them new jobs. It pays the travel cost of interviews for job seekers, as well as moving expenses and family allowances, plus a $130 bonus for each worker, just...
Bookmaking is next up the ladder from the numbers, and the bookmaker, who usually employs several solicitors, is a man of substance. When FBI agents seized Gil Beckley, the king of layoff men (a banker to smaller bookies), in Miami in January 1966, his records showed that on that day alone he had handled $250,000 in bets, for a profit, by his own reckoning, of $129,000. He is now appealing a ten-year prison sentence in the case...
...operator like Beckley is not necessarily a full member of LCN. Beckley has a kind of associate status, in which favors and profits flow back and forth. As in certain other areas, LCN is content to get a cut while leaving active management to a relative outsider. Another big layoff man, Sam DiPiazzo, once told of an attempt by Giancana's Chicago family to extort 50% of his six-figure take. As DiPiazzo related the story, he was forced to go before a committee in Chicago, where he haggled the bite down to a mere...
...ROSA should be in top form after long layoff, THE NUTTS will be dangerous tomorrow at long odds, PRIME LAD is a useful and honest sort...
...Under Chairman Henry Ford II, a leader in efforts to hire the hard-core unemployed, Ford has increasingly reached into the ghettos to recruit and train workers. Through this program, Ford has hired 7,700 of its present nationwide work force of 175,000. When production cutbacks brought the layoff of some 3,200 workers by the end of February, however, most of those affected were recently hired ghetto dwellers...