Word: oldrich
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Dates: during 1964-1964
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...trimming a bureaucracy swollen to 750,000 unproductive clerks and minor officials. To get hard currency for grain and machinery imports, it is wooing Western tourists with film and jazz festivals and easy visas. Last week, in one of the biggest policy decisions so far, State Planning Commission Chairman Oldrich Cernik announced that factories that increase productivity will be allowed to grant wage increases and bonuses. Where productivity falls, warned Cernik, wages will be cut accordingly...