Word: slowdowns
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...chaos was created by an emotional overreaction on both sides of what should have been a readily resolvable dispute. Its origins dated back to last December, when negotiations on a wage package dawdled and firemen protested for twelve days in a work slowdown, either by calling in sick or refusing to work overtime. The city reacted to the slowdown by firing 42 of the men who disobeyed orders to work beyond their scheduled hours...
Tentative signs of an economic slowdown have been accumulating all winter, and last week brought yet more evidence that the battered economy cannot continue to grow for much longer. After limping along since autumn in the face of steadily soaring mortgage and construction costs, the nation's housing industry, which traditionally leads the economy into and out of recessions, is now slumping sharply. Housing starts for new homes and apartments in February fell 9.2% below the year-earlier level...
...companies. Tire sales are declining, adding to already bulging inventories built up last summer in anticipation of an industry-wide United Rubber Workers walkout. Shipments were off 8.5% in 1979 from 1978's 205.6 million, and the industry finished the year operating at only 65% of capacity. The slowdown in new car sales is only part of the problem. Because people are driving less and are switching to smaller cars that do not wear down tires as fast as Detroit's fading dinosaurs, the replacement market has gone flat. Result: tire sales are now creeping ahead...
...After a slowdown because of supply problems, Harvard Real Estate Inc. (HRE) is continuing its program to convert about 150 HRE-owned residential units from oil to gas heating...
...Iranian city dwellers have a serious common complaint, it is that the revolution has led to a sharp slowdown in the economy. Few factories are operating anywhere near capacity. Most privately owned companies have been taken over by the government-run Mostazafin Foundation, which inherited the assets of the deposed Shah's Pahlavi Foundation, or are being run by workers' councils. For the most part, these councils have shown themselves to be short on management skills and quick to vote themselves wage increases, fringe benefits and reduced working hours...