Word: tires
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...being part of the American challenge but for deciding to leave. Faced with rising costs, RCA decided to shut down the plant because it was not competitive with the company's other semiconductor plants, including one in Malaysia. B.F. Goodrich, struggling for profits in an overcrowded tire market, closed a West German plant 19 months ago, and is now considering selling all its rubber-making interests in Europe. At ITT's Brussels headquarters, upwards of 60 employees, ranging from secretaries to $125,000-a-year division chiefs, were axed from the payroll the week before Christmas. The company...
...down to it, the Republicans will drop off one-by-one splintering the field, throwing away public tax moneys from the presidential campaign chests to tell us how much money they want to save us in taxes, leaving the older war-horses (no more elephant jokes, please) to slowly tire each other to a standstill. Carter will use the full powers of the Presidency to fight off Brown and Kennedy and possibly a host of Governors who made 1979 inaugural speeches sounding suspiciously like 1981 inaugural speeches...
Rubber. Contracts between 70,000 members of the United Rubber, Cork, Linoleum and Plastic Workers of America and the four major tire companies-Firestone, BF Goodrich, Goodyear and Uniroyal-expire in April. The militant union has conducted eight major strikes since 1960; the last, in 1976, dragged on for 141 days. Another next year is likely. Still, the union's demands focus on job security rather than wages, and the cost of the settlement could be partly offset by changes in work rules...
...disgraceful conduct of striking teachers at Levittown [Nov. 27] is further proof that unions of government employees should be outlawed. Tire-slashing and window-breaking criminals should not be allowed to teach. Unions are the antithesis of liberty...
...should an aggressive, well-managed firm want to buy Firestone, the most troubled tire company in the land? Ask Borg-Warner (1977 sales of $2.03 billion), which last week announced a proposed merger that is really an $870 million takeover of the much larger tire and rubber maker ('77 sales: $4.4 billion). The advantages are clearer for Firestone and its unhappy stockholders than for Borg-Warner, which makes auto parts, air-conditioning gear, chemicals and plastics...