Word: boosted
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Like the rest of the C.I.O.'s United Rubber Workers, the Norwalk, Conn, local was supposed to fight for a robust wage boost (25? an hour), pensions and other benefits. But when it started negotiating with the Norwalk Tire & Rubber Co., the union made a disturbing discovery: the firm, already in bankruptcy and operating in receivership, was so close to failure it might close up entirely if it had to stretch its payroll. At a special meeting last week, the Norwalk rubber workers voted, 124 to 45, to drop their demands and to take wage cuts averaging...
Tires & Refrigerators. The upturn in business was not yet general, but it was spreading, thanks to a seasonal boost in some industries. Hot & heavy summer driving, for example, had finally resulted in an increase in tire sales, which made rubbermen revise upwards their 1949 output and earnings estimates. Part of the upswing resulted from special reasons. Example : the fear of a steel strike was partly responsible for the increased demand for steel which had boosted production to 86.3% of capacity (Weirton Steel Co. was back...
...victims of rheumatoid arthritis impatiently awaiting a boost in the tiny supply of cortisone, there was another slender ray of hope this week. While it might take years to make the hormone from seeds of the over-trumpeted vine Strophanthus sarmentosus (TIME, Aug. 29), a more abundant and more accessible plant has been named as a source of the raw material...
...first of their international deals that now include licensing arrangements in England, Australia, New Zealand, Chile, Argentina, Mexico and Peru. The home office delivers the design, advertising and selling campaigns-and production know-how. Joyce's British partners, for example, after training at his Pasadena plant, managed to boost their own man-hour output by 50%. The result: Joyce footwear that sells in the U.S. for $2.95 to $10.95 sells for only a little more in Britain, which is about half the price of competing models of equal quality. By combining quality and economy, Joyce has built his foreign...
...spotlight, the Administration itself struck an oblique blow for a fourth round of wage raises. Under the Walsh-Healey Act it has the power to set minimum wages on Government contracts of $10,000 and up. Last week Secretary of Labor Maurice J. Tobin used this power to boost the minimum rates in steel from 62½? an hour to $1.23 in the North, from 45? an hour to $1.08½ in the South.* Tobin cheerfully conceded that this would "have the tendency to raise wages in general...