INDUSTRY: Allies

Labor and management last week joined hands in three different industries to combat common dangers.

¶ In Yonkers, N.Y. Otis Elevator Co. had threatened to shut its plant (employing 2,100) and move to the Midwest because skyrocketing costs and increased competition threatened to price Otis out of its market. To keep the plant in Yonkers, workers voted three to one to boost efficiency and lower costs by a reduction of time-wasting, "nonproductive practices," and "conservation of tools and supplies." In return for the pledge, Otis promised not only to keep the plant...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!