Word: slashing
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Dates: during 1970-1979
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...extraordinary bond uniting workers and their bosses-the famous lifetime employment system. Once hired, a worker can traditionally expect complete job security for the rest of his career. Executives treat employees as members of a huge family; they devise company songs, run company sports clubs and even will slash their own salaries to avoid laying off workers. In return, companies receive-and reward-intense loyalty. Wages and benefits are determined by seniority; a man or woman who has been with a company for 30 years makes, on the average, four times as much as a newly hired worker, though both...
...week two of the three presidential candidates took a private rest down home with just a few hundred intimate friends and reporters. Jimmy Carter invited more than 100 kinsmen, journalists and neighbors to a back-country fish fry at his mother's Scandinavian-modern house in the dark slash-pine woods near his peanut fields in sweltering Plains, Ga. The homey cookout was called partly to ease an ecological imbalance in the family pond. As often happens in politics and ponds, the larger fish were gobbling up the smaller fry, making the fishing hole unhealthy...
...harassed recruit at San Diego was driven to such despair that he threatened suicide. The drill instructor obligingly instructed him on how to slash his wrists. The recruit's wounds, fortunately, were superficial...
Combined with the University's decision to slash next year's teaching fellow budget between 5 and 10 per cent, committee members fear that individual graduate students will receive fewer tutorials to teach. Tutorials are a major source of a graduate student's financial resources...
...watchword is austerity. To make ends meet, agencies have been forced to slash their staffs from an estimated 41,000 five years ago to 36,000 now. Advertising Age, the leading trade publication, found in a recent survey that 77 major agencies now average about four staffers for every $1 million in billings, the lowest ratio ever. In 1970, agencies generally had six employees for every $1 million in billings...