Word: mobilize
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...home, and 10% of all workers also serving as the primary caretakers for aging parents, business executives are finding that workers without proper day-care arrangements are workers whose minds aren't on the job. To help regain their attention, 137 major companies and organizations -- from AT&T to Mobil to the YMCA -- announced an unprecedented program to fund dependent care for employees' children and elderly relatives...
...companies announced painful business restructurings. Amoco said it will cut 8,500 jobs, or nearly 16% of its work force, as it abandons unproductive oil fields and writes off other assets. Unocal plans to eliminate 1,100 of its 17,000 jobs worldwide, mostly in the U.S. And Mobil said it is paring 2,000 salaried jobs, or 9.5% of that group. The energy giants joined such diverse blue-chip companies as Hughes Aircraft and Aetna in declaring sharp cutbacks in this summer of economic discontent...
...other executives. The trust that some companies now place in their workers represents "a need to find new ways to set standards, motivate performance and improve organizational effectiveness," says Rex Adams, Mobil's vice president for administration. "It means maintaining flexibility across the entire work force, building morale at a time of economic stagnation and fostering teamwork when individuals feel more alone and at risk than ever before." Put another way, teamwork and caring can pay healthy dividends in the constrained 1990s and beyond...
...mere 42,000 bbl. of oil a day (Saudi Arabia's output: more than 8 million), decided to hunt for more crude. In 1989 Bahrain officials suddenly and mysteriously broke off promising talks with Amoco. One minister then telephoned an old friend, Michael Ameen, the respected former head of Mobil's Middle East operations. "They wanted a small American company," claims Ameen, who says he drew a blank. But 10 minutes later, Ameen got a call from an investment banking friend in Arkansas, who recommended Harken...
...help restrain prices. After being admonished by Bush last August to refrain from profiteering at the gasoline pump, Big Oil has become mindful of its image and eager to forestall congressional moves to pass a windfall-profits tax. When the gulf fighting started, such energy giants as Chevron, Mobil and Shell pledged to freeze gasoline prices at company-owned stations. (The U.S. average for regular unleaded fuel was $1.24 per gal. as the war broke out, in contrast to $1.01 last August, just before the Iraqi invasion.) Shell, Exxon and other firms later cut their wholesale prices about 5 cents...