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...Kahn, Chief Economist Charles Schultze and Labor Secretary Ray Marshall to meet with both sides and try to reduce the terms. Schultze publicly hinted that the Government would act against any company that signed a guidelines-busting agreement, perhaps by withdrawing federal procurement contracts. Representatives from Goodyear, Firestone, BF Goodrich and Uniroyal met with Carter's advisers, but Bommarito declined, although he said he would get together with Federal Mediator Wayne Horvitz and officials of Uniroyal this week. In any case, Bommarito warned, if the tiremakers try to settle for less than the union had announced, he was prepared...

Author: /time Magazine | Title: Business: Bending Those Guidelines-Again | 4/30/1979 | See Source »

...began picketing with placards attacking the company-not for 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...

Author: /time Magazine | Title: Business: Now It Is Yankee, Don't Go! | 2/12/1979 | See Source »

...Frances Goodrich and Albert Hackett

Author: /time Magazine | Title: Theater: Family Affair | 1/8/1979 | See Source »

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...

Author: /time Magazine | Title: Business: 1979's Bargaining Calendar | 1/1/1979 | See Source »

...Highway Traffic Safety Administration to investigate. The agency surveyed 87,000 owners of new cars, asking if they had complaints about tires. In all, 2,226 owners of Firestone tires returned questionnaires, and 46% reported problems. By contrast, the complaint rate for other brands of steel-belted radials was: Goodrich 33%, Goodyear 32%, Uniroyal 32%, General Tire 26% and Michelin less than...

Author: /time Magazine | Title: Business: Uneasy Riders | 5/29/1978 | See Source »

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