Word: shutdowns
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Dates: during 1930-1939
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...force M. Citroën to hand over the social insurance premiums he had collected from his 25,000 employes. Last spring a 10% wage cut brought ugly rioting at the Citroën plant in Paris, a lock-out and in the end a several-weeks' shutdown. A completely redesigned Citroën for 1934 entailed heavy retooling expenses and Jean Frenchman cocked a doubtful eyebrow at the new low-priced models. By last week Andre Citroën was desperate for cash. As the price of aid a group including the Bank of France and Credit Lyonnais...
Twentieth Century is the first important new producing company formed in Hollywood in four years. It is a direct result of last spring's bank holiday and the consequent studio shutdown. When all Hollywood employes were on half-salary or less in March, Production Chief Darryl Francis Zanuck of Warner Brothers promised his underlings to restore their pay on the date set by the Cinema Academy...
Other commodities were on the mend. Sugar was up. Surpluses of sugar and wheat both reported down. Copper was up on news that U. S. mines were preparing for a six-month complete shutdown...
Maryland. The moratorium that closed 200 Maryland banks and tied up nearly a billion dollars in resources was decreed by Governor Ritchie because of: 1) the after-effects of the Michigan shutdown; 2) the National City disclosures before the Senate; 3) a silent run that was taking $6,000,000 per day from Baltimore banks. Declared Governor Ritchie: "There is no justification for the withdrawals. . . . My determination is that first, last and all the time the interests of the depositors must be protected." To that end he worked night & day to draft and get the Legislature to pass what...
...Ford went last week to their jobs of assembling his 1933 models, planned for display within the fortnight. Ahead of them lay the comforting prospect of many months of steady employment. But the week had not run out before notices were posted on Ford bulletin boards announcing a temporary shutdown...