Word: output
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Dates: during 1960-1960
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...luxurious Hotel Leopold II rise from the cool, 5,000-ft.-high plateau. Nor to them does any "outsider" have any right to share in the revenues of the rich mines and plants that produce and process the copper, tin, uranium, and cobalt (60% of free world output) developed by Belgium's fat Union Minière du Haut-Katanga...
...Output per man-hour in all private industry last year increased by more than 4%, surpassing the average of just over 3% a year for the 1947-59 period. In the steel industry, productivity rose 12%, in hard-coal mining 10.2%, in railroads 6%. Although non-farm industries advanced more than average, agriculture showed virtually no gain, indicating that the mechanization that increased productivity about 6% a year from 1947 through 1958 is largely completed...
...accompanied by regular wage hikes (see chart). Such unions as Walter Reuther's United Auto Workers and James B. Carey's International Union of Electrical Workers now argue that earnings should rise at the same rate as productivity. But productivity jumps, insists management, not only reflect increased output per worker but increased capital investment and automation. Productivity also has an effect on prices and inflation. An increase in output per man-hour not only makes more goods available; it makes possible either lower prices or higher profits-or some of both...
...kept pouring it in. When a formidable team of ministry investigators moved in, officials tried to get out of the mess by cutting the beer's aging period from 21 days to 3, using extra malt, juggling the books, rigging scales so that no one could check the output. In despair, Brewmaster Kirichek suggested they puncture the pipes, blame the losses on an accident...
...first quarter, had a bad second quarter as orders fell off and production dropped below 50% capacity. Earnings of U.S. Steel were $3.35 per share in the first half of 1960, down from $4.50 last year. But Big Steel Chairman Roger Blough predicted a "modest and gradual rise" in output for the rest of the year, forecast that the mills would operate at 55% of capacity in the third quarter. Jones & Laughlin first-half earnings were $3.24 v. $5.31 in 1959. Bethlehem earnings dropped 92? from last year's first half to $1.72 per share, but Bethlehem President Arthur...