Word: subcontracted
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Actually, the growth of giant industries has in some ways produced a more favorable climate for the small concern. Since the small operator can often turn out a better product, big companies find it is economical to subcontract as much work as possible. General Electric Co. pays out nearly half its sales volume (1955 gross: more than $3 billion) to 42,000 subcontractors and suppliers, 90% of them small businesses. RCA closed a Camden (N.J.) transformer plant because small electronics manufacturers produced better components...
...first capital consisted of $600 in cash, a dozen wheelbarrows, a few horses, some picks and shovels. The company's first job-a $14,000 subcontract to build a pumping station on the Snake River-brought only a tiny profit. The prime contractor and the promoter got into a court fight, and M-K was caught in the middle. Morrison ruefully recalls: "You can't make money out of lawsuits...
...committee had looked more closely at arms production it might have held its scolding tongue. Big companies get the bulk of prime contracts because they alone have the facilities to turn out such big items as bombers, ship generators and half-tracks. But they subcontract their orders to thousands of small businessmen. Examples: Lockheed Aircraft Corp. has signed up 4,000 firms, of which 2,835 are small businesses (fewer than 500 workers) ; General Motors Corp.'s normal list of 12,500 suppliers will soon be swelled to 19,000 by subcontracting...
...engine trouble but labor trouble that threatened Pilot Baker with a crash landing. For six months this year most of his regular employees were out on strike. His clerks left when he insisted on his right to subcontract clerical work. Then mechanics refused to cross the clerks' picket lines. His pilots walked out after Baker fired one of them when his plane crashed. Baker hired a new staff and kept his planes flying, but he could no longer make his airline pay, especially as travelers were leary of his new help. Even after the clerks returned to work...
...been feuding ever since Howe notified Drew last month that T.C.A., previously too short of planes to do the job, now had enough equipment. As a result, said Howe, the arrangement with Transocean Air Lines, a U.S. firm which had brought over most of the immigrants under a T.C.A. subcontract, would end on April 15. That, said Howe, would help Canada conserve U.S. dollars. Furthermore, Transocean was using "substandard" equipment. (Transocean uses U.S.-made DC-4s; Trans-Canada uses Canada-made North Stars, i.e., modified DC-6s with British engines...