Rockwell Posts 75 Layoffs at Cedar Rapids Rockwell Collins
Rockwell Collins in Cedar Rapids posts 75 layoffs among union workers across the Cedar Rapids complex. Eight positions are cut due to transferring the wire department to Mason City. Layoffs take effect April 30 with 35 expected to remain after seniority adjustments. Collins division also wins a $96,571 contract to supply 150 band pass filters to the Defense Electronics Supply Center in Dayton, Ohio.
MENTIONED IN THIS ARTICLE
Rockwell- Collins
Cedar Rapids
Townsend Hoopes
Mason City
Collins Division
Rockwell
Defense Electronics Supply Center
Dayton
Ohio
Armed Services
Market falters during day of moderate trade
New York markets retreated as investors awaited budget talks and Middle East and Falkland crises. Dow fell 5.42 to 840.65 amid broad losses. NYSE and Nasdaq indexes slipped, with trade volumes around 54 to 65 million shares and notable activity in Eaton Corp and Citicorp.
MENTIONED IN THIS ARTICLE
New York
UPI
Falkland Islands
Middle East
Dow
Standard & Poor
NYSE
U.S
Dollar Slides as Rates Unchanged and Central Banks Intervene
Dollar weakens across markets after U.S. rates hold at 14 14 percent range and money supply jumps. Gold falls from 356.50 to 343.50 in Zurich and slips to 342.75 in London while New York gold settles near 345.50. Currency moves include yen dropping to 242.90 per dollar and pound firming to around 1.77 after UK rate action.
MENTIONED IN THIS ARTICLE
Falkland Islands
Zurich
London
New York
New York Commodity Exchange
U.S
Tokyo
U.K
Pay dissatisfaction grows across workers says study
Cambridge based survey of 191000 employees in 134 firms shows rising dissatisfaction with pay and benefits across clerical to management. Data indicate poor economy and unfair pay increases driving low motivation and calls for major overhaul of compensation systems.
MENTIONED IN THIS ARTICLE
Cambridge, Mass
UPI
Opinion Research Corporation
Arthur D. Little Inc
William A. Schiemann
Schiemann
Sweetened GM bonus proposal stings union
The United Auto Workers condemned General Motors for proposing a richer executive bonus plan that triggers payments at lower profits. UAW leaders urged withdrawal and pledges from executives to refuse bonuses, while GM seeks shareholder approval at the May 21 annual meeting.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Detroit
General Motors Corp
United Auto Workers
UAW
Owen Bieber
Bieber
Banks of Iowa reports 1982 first quarter results dip
Holmes Foster announced income before securities transactions for the quarter ending March 31 totaled 1 966 177 dollars or 85 cents a share, down from 1981. Net income for the first quarter 1982 was 1 971 077 dollars or 85 cents a share, with factors including higher loan losses and lower net interest income. The firm expects 1982 earnings to fall below 1981. Merchants National Bank and Banks of Iowa Computer Services are subsidiaries.
MENTIONED IN THIS ARTICLE
Holmes Foster
Banks of Iowa Inc
Merchants National Bank and
Banks of Iowa Computer Services Inc
Cedar Rapids
Banks of Iowa
Maytag recalls workers as first-quarter sales decline
Maytag posted 110.1 million dollars in sales for the quarter ended March 31 1982 down from 114.6 million a year earlier. Earnings were 9.3 million dollars or 67 cents a share versus 11.8 million or 83 cents a share. The firm recalls about 80 production workers effective April 26 and has about 300 employees on layoff.
MENTIONED IN THIS ARTICLE
Maytag
Also Mentioned on This Page
Bfgoodrich
Bloomington
Ind
Brazil
Goodrich
Hoopes
National Association of Securities Dealers
Eaton Corp
IBM
Citicorp
Amex
Dome Petroleum
Champion Home Builders
Ranger Oil
United Press International
Business News
Banks of
Iowa
Peter Bezanson
MorAmerica Financial Corp
Cedar Rapids Civic Development Association
Harold Wendorf
Joseph Enzler Sr
Enzler
Harold Ewoldt
Cedar Rapids-Marion Area
Robert Daniel
Robert O’meara
William Coppock
John Collins
Hy-Vee
Chariton
Safeway
Boone, Carroll and Denison
Hy-Vee Food Stores Inc
John Rhodes
Nebraska
Missouri
Illinois
South Dakota
Rhodes
Inc
Ek Corporation of
2Nd Ave
Lowa
U.S. Treasury
Igt
Puter
First National Bank OF Iowa C
Marion
FDIC
First National
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