Word: threeyear
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Dates: during 1970-1979
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Even in the unlikely event it decides against a second American plant, Volkswagen, which is engaged in a threeyear, $3.2 billion expansion program that is the largest in its history, has already budgeted about $640 million to build an engine plant in Mexico and to increase production at the Pennsylvania plant from the present 800 autos per day to 1,040 by 1981 . Schmücker's strategy is eventually to make the North American operation 90% self-sufficient, with only transmissions supplied from German plants...
...Valley of the Kings resting place, shown in packed museums around the world, have inspired countless designers of art, jewelry, fashion and frippery over the decades. The current exhibition, the "Treasures of Tutankhamun," may well have been viewed by 7 million Americans by the time it concludes a threeyear, seven-city tour of the U.S. in San Francisco next September...
Four of the unions, covering 340,000 of the nation's 496,000 railway workers, signed a "memo of understanding" for a threeyear, 35% increase in wages and cost of living allowances. John Sytsma, president of the Locomotive Engineers, declared that his members had shown "admirable restraint" because they had originally asked for a 45% raise. Said Sytsma: "It's not quite fair to make labor the whipping boy for inflation...
Architects of the rubber settlement were Labor Secretary W.J. Usery Jr. and Federal Mediator James Scearce, who had to twist "a few arms on both sides," as an aide put it, to get the crucial pay agreement. The threeyear, 36% increase runs ahead of other recent major labor settlements, which have been in the 30% to 33% range. Washington, however, regards the hefty increase as unavoidable because the rubber workers have lagged behind other industrial employees in pay raises during the past three years. For instance, auto assembly-line workers, who are currently negotiating new contracts of their...
...Kauper's major accomplishments in office was to lobby successfully for stiffer penalties against price-fixers (threeyear prison sentences for individuals and $1 million corporate fines v. the previous one-year sentences and $50,000 fines). But after 19 months on the books, the new felony penalties have never been successfully invoked. More to Kauper's credit has been the rise in public awareness of antitrust and its relation to consumer wellbeing. Says one department official: "There is now a constituency for antitrust." Unfortunately for Kauper's successor, who may be Cornell University Law Professor Donald Baker...