Newspapers / The Fieldcrest Mill Whistle … / Jan. 24, 1977, edition 1 / Page 1
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THE MILL WHISTLE Vol. 35 Eden, N. C., January 24,1977 No. 13 s Put $40 Million hto Eden's Economy ,K;: ■' ■ ‘-fi'.' si S4Q Mills added over ®ien * economy of 1^6 Rockingham County in Motal ( mt in'p $40,104,321 was paid Paj-f^ij^oen and the county in benefits for employees; but the company pays 100 percent of the taxes to provide the state- administered compensation for eligible employees when out of work. coiiii"® taxes P oy records show. alone, ® ^rgest contribution to the 'Con, He an crest g PPyoximately 4.400 Field- of Eden was the totaling $36,925,671 paid oiployees in the area, taxes paid Hoeki?®5^y taxes paia in ^ County amounted Paij ,d25, of which $539,147 was the county and $363,978 CO the City of Eden. In addition to over $40 million pumped into the local economy by direct payments, large sums were distributed in the form of benefits for the approximately 4,400 active employees and their dependents and for pensions to the company’s 2,117 retired, employees. A majority of the retired employees live in the Eden area. S2,275‘lSt'est C’®25 m in 1976 paid Social Security unemployment in- '■ciplo..- 4axes for its Eden The foregoing figures do not include capital expenditures for land, buildings, machinery or equipment. ™yees. what the company Money spent for purchase of goods and services from local firms and expenditures for raw materials also are excluded. Woygg" addition to the em share of the Social the company pays half tsjiej j employee half of the c® finance Social Security The figures apply only to Eden and Rockingham County and do not include any money paid out at other manufacturing locations or in the sales divisions. Bedspread Finishing: Been Around QUALITY AUDITOR — The sharp eyes of Mae Richardson help insure that Fieldcrest bed spreads meet the highest standards of quality. See feature on Bedspread Finishing Mill on pages four and five. ^^holarship Deadline: March 1 f is the deadline for ) '•''g an application for a fest Scholarship. deadline prevails .. ''Warship applications from the Columbus Towel Mill. Scholarships there were form erly granted by the Muscogee Foundation but are now granted by the Fieldcrest Foundation. W-2's Distributed Early ^'2 forms for everyone on the Fieldcrest payroll were dis fihi7 *«rms tor everyone on me riemcicai 5afi-by the Payroll Department January 7 through 11, the 0'®st the forms have ever been ready. of the W-2’s are being returned because of incorrect or ;of. bcient mailing addresses. This means that the employees could experience a delay in filing their income tax ^ you are laid off or out sick and did not receive your W-2 in *1* QX tj 131CI oil Oa OUX oH.lv cliivi vuin iiwL !■ j I) .oil, you should contact the Payroll Department. V.j ^important that your correct mailing address be on the ,n “iiporiani mat youi cum cci mcuiiwfe -— - ’ 'vhich provides a record of your earnings. It is also a good io make sure that the number of exemptions claimed is '.'■Oct, If you have had a change in the number of exemptions, you Contact your supervisor and fill out a new Withhold ''cmption Certificate (Form W-4). the ^Uipjoyees who have been having to pay taxes at the end ’ year may want to decrease the number of exemptions aiay waiu lu -- r — . Ore currently claiming. Those claiming zero exemptions '''ont to claim minus exemptions which will increase the '•ount of tax being withheld. Announcement of the awards of the scholarships will be made in April. In recent years the deadline has been advanced and the ap plication blanks made avail able earlier in order to help stu dents with their planning. The applications being ac cepted now are only for scho larships leading to an under graduate degree at a 4-y'ear col lege or university. The scholar ships are worth $4,800 each over the four years of college attend ance. Those who wish to apply for a ■ scholarship should obtain an ap plication form from their area personnel manager or person nel office, or call at the Employ ment Office of Fieldcrest Mills, Inc. in the General Offices building, Eden, or write to Mr. M. B. Franklin, Industrial Re lations Department, Fieldcrest Mills, Inc., Eden. Applications are taken only once each year, during Febru ary, with the March 1 dead line. The employee (parent) (Continued To Page Six) Spirit Of Optimism Marks Carpet Division Sales Meet Karastan’s performance for 1976 was described as “very encouraging” by William C. Battle, president and chief executive officer of Fieldcrest Mills, Inc., as he addressed the Carpet Division’s semi-annual sales meeting held in Chicago on January 7. Mr. Battle told the group of 85 members of the marketing and manufacturing divisions that the results “reflect a great begin ning and a significant turnover” from the sales and profit situation of the previous three years. He especially lauded the improvement in the Carpet Division’s profit contribution which he attributed to better planning resulting in a reduction of inventories and other costs. But, he emphasized, one of the basic ingredients for the division’s success was “a fine new marketing program.” Francis X. Larkin, president of the Karastan Marketing Division, told the group, which met at Chicago’s Merchandise Mart, that the company was now entering a major new phase where it was in a position to plan for solid growth in the coming years with important new products and strong marketing programs aimed at both the residential and commercial carpet markets. Karastan’s new carpet and rug fashions for the Spring were unveiled to the sales staff by Robert V. Dale, division vice president of styling and design, which included two new rug collections, key additions to existing rug collections and a series of five new broadloom items. The sales meeting was held just two days before the opening of the Chicago Home Fur nishings Market where the new products were well received by (Continued To Page Six)
The Fieldcrest Mill Whistle (Spray, N.C.)
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Jan. 24, 1977, edition 1
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