Word: steels
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Productivity in steel, explained Commissioner of Labor Statistics Ewan Clague, traditionally varies more widely with the business cycle than in other industries. Steel productivity dips sharply with a business slump, because production drops faster than layoffs. Productivity comes back quickly when business recovers, because production rises faster than new employment. As steel production has rebounded from last year's recession low, said Clague, productivity has climbed steeply...
...more than a token stoppage-because the public is watching the bargaining so closely. President Eisenhower is reportedly pleased with the prenegotiation squabbling, because it shows that labor and management know they are on the spot, will think twice before assuming public responsibility for an inflationary steel price rise...
...rise stick this year, therefore has stiffened its back to any wage hike that would force one. Washington gossiped that Dave McDonald has already been told privately just what he can get at the bargaining table: a package wage hike in the area of 8?-10? an hour. Some steel officials, though they insist publicly they would have to pass any wage boosts along in prices, privately admit that they could give the union a modest package without a price hike...
With furnaces pouring steel at record tonnages, the steel industry reported profits high, and still on the rise. Jones & Laughlin reported first-quarter earnings of $1.97 a share (v. 17? last year) on record sales of $236.4 million, predicted the second quarter will be even better. Armco Steel announced first-quarter earnings of $1.43 a share, more than 100% over a year ago. Equally soaring reports came from Inland Steel ("new first-quarter records"), Kaiser Steel (76? v. 46?), Pittsburgh Steel (66? v. a loss last year), Detroit Steel (83? v. a loss last year), Allegheny Ludlum...
Chain Reaction. In Bari, Italy, a passing transport plane accidentally dropped a mile of steel links on Giuseppe Patrono's olive orchard, started rumors of a Martian invasion...