Newspapers / Firestone News (Gastonia, N.C.) / Dec. 1, 1967, edition 1 / Page 1
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( TO OUR FIRESTONE TEXTILES PEOPLE: Christmas comes again to renew in men’s hearts its Eternal Message of Peace and Good Will and to light the way to a bet ter world. I extend my thanks to you for your loyalty and service during 1967. In the warmth of this Wondrous Season, my hope is that the rich blessings of Christmas will be known to you and your house. And may the New Year bring you an increasing measure of good life. John V. Darwin General Manager DECEMBER • 1967 GASTONIA NORTH CAROLINA Investment Plan By Payroll Deduction Scholarship Applications, Information Application papers and pack- of information for the 1968 firestone Scholarship Awards Program are available through plant and sales offices. Deadline receipt of completed ap plications by the scholarship 'committee will be March 1. firestone sons and daughters '^high school seniors now—who be eligible for a Firestone Scholarship, should apply to the School of the student's choice *his fall, or as soon as possible. The company Scholarship pommittee points out that it a definite advantage for ap plicants to begin early in com pleting the required material. An applicant must be in the last year of high school, in the upper third of his or her class, and the son or daughter of an employee (present, retired or deceased) who has or will have completed at least 5 years con tinuous service with the com pany by Jan. 1, 1968. Only children of employees whose average income is not more than $900 a month with out overtime will be considered. Also, not eligible are brothers and sisters of Firestone Scholar ship winners from the past. Full details are in the infor- A convenient way for Firestone employees to become stockholders in the company went into effect last month. Under the Monthly Investment Plan (MIP), announced by- chairman Raymond C. Firestone, employees may by this method purchase Firestone stock through payroll deductions. Employees at Gastonia re- The Stock Purchase and ceived brochures detailing the Savings Plan will not be ready plan in late November. A limit- until early January, at which ed number of extra brochures are available from the payroll department. THE MONTHLY Investment Plan has been arranged through Merrill Lynch, Pierce, Fenner & Smith Inc., whereby all full time employees age 21 or over may make a monthly invest ment in Firestone stock. Salaried people may partic ipate in either the Monthly In vestment Plan or the Stock Purchase and Savings Plan, or both. The stock-purchase program is offered as a convenience, and employee participation is volun tary. The company pays the brokerage commission on shares purchased and the cost of ad ministering the plan. Annual Parties For Children Children up to 14 years of age who are members of Firestone employee families, will be hon ored guests at the traditional company Christmas parties at the Webb Theatre in downtown Gastonia. The Dec. 16 "big day" will feature two programs to ac commodate the youngsters — be ginning time, 9 and 11 a.m. The industrial relations department plans the program and dis tributes tickets in advance. time full explanation will be made to qualified employees. UNDER the Monthly Invest ment Plan already in force, em ployees may specify any amount to be withhheld from their pay from a starting figure of $5 per month to a maximum of $99 per month. Combined individual payroll deductions are used to purchase shares on the open market. Full shares and fractional shares are allocated to each individual’s account with the contracted stock firm at the average price, to four decimal places, at which all stock is purchased under the plan each month. ALL STOCK dividends are credited to the employee’s ac count and reinvested by Merrill Lynch, unless they are other wise notified by the employee. Employees may increase, de crease or stop payroll deduction upon written notice to the Monthly Investment Plan. mation packets available now — at the industrial relations office. mwwm FIRESTONE, GASTONIA, CITED FOR . . . United Appeal Participation Firestone Textiles was one of 19 Gaston County in dustries and businesses cited for outstanding partici pation in the 1967 United Appeal campaign, at the UA Victory Dinner in November. The victory report showed the United Appeal topping its goal by almost $10,000. Contributions and pledges pushed the total to $357,796. The goal was $348,000 for the 33 par ticipating agencies. The final report is 102.8 per cent of the goal, said Alvin Riley, director of a major division in the UA campaign. Mr. Riley, Firestone industrial relations manager, was among those recognized at the Victory Dinner for volunteer leader ship in the fund drive. In this year’s campaign. Firestone Textiles people con tributed a record $32,240.29, with an average per-employee gift of $21.39. The near 97 per cent of the total employment here participating made the Firestone contribution a major portion of the oversubscribed United Appeal goal. This year, Dallas, Lowell, Mt. Holly and Harden joined Gastonia to make it nearly a countywide fund-raising effort. Bennettsville Plant Has Zero Defects Program Our customers deserve the best. Our jobs and the com pany’s progress depend upon quahty. In this search for excellence, strive to prevent errors, rather than allowing them to occur. Do it right the first time. Wonderful ^ORLD Of Firestone * Harold Mercer, president of Firestone Tex- ^ Company, points to the Gastonia plant lo- ^^^ion on an illuminated globe which represents *■^55 around the world where the Firestone pfent company has 102 manufacturing plants ^ 28 countries. With the division president is Call, company official from Akron, who ^isii ®*ted here last month. , The "Wonderful World ^Ov of Firestone" display, in Akron, was exhibited at Gastonia last b ana was scneauiea lu go iium ^*'*iettsville. Later, it will be placed at other units of the textiles division and at special show ings in public places. The rotating fiberglass globe is focal point of the folding display which proclaims The Fire stone Tire & Rubber Company "an international leader in a growth industry." • Firestone manufactures and markets more than 3,500 types and sizes of tires. It produces more than 40,000 products in textiles, rubber, plastics, metals and chemicals. Firestone is a publicly-owned company which has paid dividends each year on its common stock since 1924. It employs nearly 93,000 per sons throughout the world. In 1966 sales exceed ed a billion dollars for the 12th consecutive year. The company helps make your world more wonderful, too! These are some basic themes of the Zero Defects program at Firestone. They were stressed as part of the introduction which employees at Bennettsville had, as Firestone Textiles became the latest company unit to join the ZD program. When it went into effect in early November, 100 per cent of all people in production and re lated jobs signed the cards promising to work toward the ZD ideal. M.D. Coleman Jr. is ZD co ordinator at Bennettsville. On his committee are J. T. Lee, Henry Odom and Miss Frances Fletcher. On the day the ZD program began, the committee and mem bers of management led by plant manager Ralph King conducted 12 meetings to accommodate all employees. At these intro ductory sessions the ZD plan was explained and outlined. Employees viewed a motion picture featuring E. B. Hath away, company president, speaking on the subject. Incentive awards in the ZD program will recognize individ uals and departments for per formance efficiency. Mr. Coleman said that in just two work days after the start of the ZD program, the plant received nine ECI reports from employees. Awards for these already have been made.
Firestone News (Gastonia, N.C.)
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Dec. 1, 1967, edition 1
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