Newspapers / Firestone News (Gastonia, N.C.) / Jan. 1, 1963, edition 1 / Page 1
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Best Today I Still Better j Tomorrow I CASTONIA • NORTH CAROLINA VOLUME XII - NUMBER 1 JANUARY, 1963 Tire$ton« Rubber • Chemicals • Texliles Synlheiics • Melals • Plastics # CHAIRMAN'S VIEW Winter I PATTERNS I^ORTH CAROLINA any season of the year, Qrih Carolina lives up to its ®Putation as The Land of ^^riety. Winter is a time ck you can take your of a wide range of p®*ies and weather condi tions. ^^^camples on opposite ends jj *he scale are the Cape jt^^^^eras Lighthouse, where ^ ® sun brightens the balmy strand; and a winter ^'^ftderland further west to- , ^i*d the mountains.—Photos NC News Bureau (the j.9«thouse) and Firestone ^^^]^^(snow patterns). More Money Going Into SS Program V - and the company that Ploys you are putting more ^^Oney ij^^Q your social security in 1963. And accord- to the latest law, social Qj. tax is scheduled to in- again in 1966 and in 1968. 1 was effective date for ^ ® hike in tax rate from 3 and Per cent to 3 and 5/8 per applicable both to wage ; ^ers and employers on earn- I® up to $4,800. persons who earn the ^^^irnum of $4,800 — or more to 1 original social security ^ Set a tax of 3 per cent for ^^ker and employer to pay of retirement benefits. 1963, the tax will increase. '*’174, with an equal amount by the company. ^Oi This was effective in 1949. Since then. Congress has en larged the program to include broadened benefits. This nat urally called for an amendment to the law, to provide increased contributions for the added cost. The Jan. 1 increase to 3 and 5/8 1963 Seen Promising For Rubber Industry Outlook for the rubber in dustry in 1963 is excellent, according to Harvey S. Fire stone Jr., company chief ex ecutive officer and chairman of the board. In his forecast for 1963, Mr. Firestone said the record-break- ing fourth-quarter recovery in general economy activity in 1962 points to opportunities for our industry in the new year. “At Firestone, we have just completed the greatest sales year in our history and the momen tum that has been building up is helping us start 1963 at a pace which, if continued, should again set new sales records,” Mr. Firestone said. He went on to point out: • We are continuing to im prove efficiency in our manufac- 357 Suggestions Approved Here Past Fiscal Year People who work at the Gas tonia plant turned in 357 ideas during the past fiscal year, and the 12-man suggestion board ap proved 90 of them. The time period represented is from Nov. 1, 1961 to Oct. 31, 1962. Board Chairman F. B. Harrison pointed out that this is a 51 per cent increase over suggestion participation during the 1960-61 period. Of the 90 which made the grade in the last fiscal year, ideas ranged from the minimum $10 award for (example) a sug gestion to erect a guard rail for safety, to details for overhaul ing a twister-frame lubrication system. This one brought $325, with payment divided equally be- turing processes and working to eliminate excessive costs in dis tribution and sales operations. The recent price increase of 3 to 6 per cent on all sizes and types of tires is another factor that points to profit in 1963. • Outlook for sale of new tires in 1963 is encouraging. The industry expects to ship 132 mil lion passenger, truck and tractor tires. An estimated 91.7 million of these will be replacement tires, of which total 80 million will be passenger car tires. • Other factors in the econo my that give confidence are the upturn in steel, the estimates of some 4 per cent increase in capi tal goods, additional defense spending and advancing depart ment store sales. • The rubber industry has available a broad field of syn thetic compounds from which it can make an ever-increasing ar ray of products. These materials will permit the industry to im prove its existing products and to move into new product fields through more research and de velopment. • Synthetic rubber, reaching new levels of accomplishment through research, will take a larger share of the rubber market. • The industry has expanded its production base to serve the growing foreign markets which represent additional tire sales as car populations grow and high way systems continue to in crease in countries around the world. tween James Slechta of the shop and Paul Clark of twisting (synthetics). The award, made in August, was the largest sug gestion payoff here in recent years. End Of February Scholarship Deadline Only a few days remain in which to apply for the 1963 Firestone College Scholarship awards. Completed ap plication forms, required character references, certification of high-school grades, aptitude test results and other re quired information as outlined in the Scholarship booklet, must be received at the Firestone headquarters in Akron, Ohio, by the end of February. Those who have neglected to with the company by this Janu- per cent is part of that schedule. Under the present social se curity law, maximum employee tax will be $198 in 1966 and $222 in 1968. In any case, the employer pays a matching amount to that of the wage earner. complete application require ments have missed out on an early start, but yet have time, according to the Industrial Re lations department. Information booklets and ap plication papers are at the IR office. To be eligible for a college scholarship the applicant must presently be a high school senior, the son or daughter of an employee who has completed five years of continuous service ary 1; and in the upper third of his or her class in grades. Only children of those em ployees whose average income does not go beyond $850 a month without overtime, will be eligible. SCHOLARSHIPS are allocat ed to various sections of the country on the basis of propor tionate Firestone employment. Because of the large number of worthy applicants each year, —More on Page 3
Firestone News (Gastonia, N.C.)
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Jan. 1, 1963, edition 1
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