Word: malden
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...program, which started February 1, is conducted each Wednesday evening by Tom Urnetta, a professional masseuse from Muscular Therapy Works in Malden, Mass...
...HAVE BECOME DISILLUSIONED WITH THE greed and ruthlessness that corporate America exhibits in the treatment of its employees. However, the story of Malden Mills owner Aaron Feuerstein, who kept his 2,400 employees on the payroll after a devastating fire [BUSINESS, Jan. 8] until his mill could be rebuilt, made me realize there are still employers left who care about more than the bottom line. Feuerstein recognizes that loyal and skilled workers are a lot harder to replace than machines. DALE GADBOIS Houston...
...Christmas bonuses and pledged to rebuild, walked to the podium. "I will get right to my announcement," he said. "For the next 30 days--and it might be more--all our employees will be paid their full salaries. But over and above the money, the most important thing Malden Mills can do for our workers is to get you back to work. By Jan. 2, we will restart operations, and within 90 days we will be fully operational." What followed, after a moment of awe, was a scene of hugging and cheering that would have trumped the cinematic celebration...
Even though the stock of a rival textile manufacturer in Tennessee, the Dyersburg Corp., rose sharply the day after the fire, L.L. Bean and many of Malden's other customers pledged their support. Another apparel company, Dakotah, sent Feuerstein a $30,000 check. The Bank of Boston sent $50,000, the union $100,000, the chamber of commerce in nearby Lawrence $150,000. "The money is not for Malden Mills," says Feuerstein. "It is for the Malden Mills employees. It makes me feel wonderful. I have hundreds of letters at home from ordinary people, beautiful letters with dollar bills...
True to his word, Feuerstein has continued to pay his employees in full, at a cost of some $1.5 million a week and at an average of $12.50 an hour--already one of the highest textile wages in the world. And even better than his word, Malden Mills was up and running last week at 80% of its Polartec capacity, thanks to round-the-clock salvage work and the purchase of 15 new machines. "I haven't really done anything," says Feuerstein. "I don't deserve credit. Corporate America has made it so that when you behave...