Word: speedups
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...Anderson, vice chairman for finance and administration, and Lawrence O. Kitchen, president. While briefly in charge, Haack said, his top priority will be to refinance Lockheed's debt, now about $600 million. That may be difficult; Democratic Senator William Proxmire of Wisconsin is planning to introduce legislation demanding a speedup in Lockheed's repayment of the Government-guaranteed portion of its debt...
...program to reduce wasted costs and effort by ensuring that all carriers handle an equal amount of mail has been tried. The powerful 245,000-member National Association of Letter Carriers is likely to fight Bailar's proposal on the ground that it is an illicit speedup. Bailar also plans to hold down new hiring by exercising more vigorously the Postal Service's right to move workers from one job to another...
Reversing the speedup in wages will be difficult, if not impossible. Workers have a genuine grievance: as pay has trailed prices, inflation has lowered their standard of living. David Grove, also of TIME'S Board of Economists, figures that real disposable personal income (that is, take-home pay adjusted for price increases) has dropped for the past four quarters; in the first quarter of 1974 it fell at an annual rate of 5.6%. That is a longer and deeper drop in purchasing power than occurred during any of the five recognized U.S. postwar recessions. Unfortunately, employers cannot absorb outsized...
...women who worked with her each had different lunch shifts and were separated by divisions between their desks. They rarely spoke to each other, that is, until Lisa and several other secretaries noticed that what management was presenting to them as an incentive plan was really a work speedup. The senior editor of the company called the women together and explained to them the new plan he had in mind. According to the outline, the women would receive pay increases if the total cost per page went down and pay decreases if the cost per page went up. Good incentive...
This week the year is up. And so is the hope of bringing off a quick speedup. The preparation time seems largely to have been devoted to getting ready to get ready...