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Pacific Stars And Stripes Newspaper Archives Nov 8 1982, Page 16

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Pacific Stars And Stripes (Newspaper) - November 8, 1982, Tokyo, Japan 16 business pay Elf november 8f 1982 recession clouts Oil Rich t times Houston once thought to be the state of perpetual is being swept by unemployment on a scale it has not experienced in recent in the vast Oil Fields of East in the Houston plants that make drilling bits and in the semiconductor factories around dal in the retail stores along the mexican Border tens of thousands of workers have been Laid any doubts that the recession had hit Texas with a Wallop were dispelled when Federal unemployment figures showed that joblessness Here hit percent in a starting jump from augusts that was still lower than the National average of but the highest for Texas since statewide records started being kept in and according to state most Likely the highest since the Depres Sion of the no More big boasts the unemployment trend has badly shaken the Texas rooted in the notion that this Oil producing state is immune to National economic and that there is work for anyone who really wants business people Given to boasting about Texas perpetual growth have fallen quiet As bankruptcies and layoffs everybody thought the streets were paved with mourned Robert head of the Sako Witz department store it want the latest figures show texans out of and Many of them Are Well educated engineers and other technical people with High we have a lot of people coming to us who have worked 10 or 15 or 20 years Treyve never been Unzem head of the Dallas office of the Texas employ ment said we Are not looking at a Bunch of said Maurice director of the retail merchants association of slowdown in Oil Industry sends unemployment zooming in Texas Texas troubles Are rooted in the very source of its Prosperity the Oil with worldwide Petro Leum prices drilling for new Oil and Gas Wells has slowed according to figures compiled by the Hughes tool a major manufacturer of Drill pipes and other drilling the number of new Wells being drilled in Texas has dropped from a Peak of on 14 to just last week the Hughes tool division in Houston announced that it would Lay off 760 More bringing the number Laid off since 1 to nearly half its work Ike a vice president of the Parent said Many let go were supervisors with senior Ity going Back to i dont see any mass recalling of Laid off people in the tool division in the near Kerridge noting the surplus of natural Gas and the Large inventory of drilling equipment held by Idle nearly every business that de pends on the Oil Industry has been in the Lone Star steel shut idling when orders for drilling pipe dried the Richmond tank car Laid off last Brown the giant Houston based construction has let go including skilled computer the Rose Long established truckers of Drill has been Laid off from Dresser the Western company of North America and the National Supply All of this has been compounded by troubles in other Texas based in has let go this and other texans were left jobless by the failure of Braniff the recent peso devaluation has hit Border towns and Texas agricultural output is the Ripple effect has affected almost All sectors of the Texas particularly in Oil depend ent the commercial and residential real estate Market Here is Flat the Market is glutted with unsold Homes and Many owners Are desperately seeking out insurance even restaurant have Felt the since last state officials say they have seen a 22 percent increase in applications for and a 12 percent jump in reports of child abuse and neglect they attribute both to the poor the state legislature was called into special session to save the states unemployment compensation fund from claims in the Houston for have jumped from a monthly average of in the past to in the legislature voted to borrow Federal Money to replenish the matchless Enterprise East up Phil who is soon to graduate from Michigan state wants prospective employers to know theres no match for him in the Job has printed his resume on the inside of a matchbook cover and Hopes the gimmick will impress Petroleum companies looking for a newly educated youve got to make yourself stick out just a Knapp in trying to show a Little creativity and maybe somebody will at least give me a for Knapp had his resume reduced to matchbook the cover of the 170 matchbooks reads Petroleum position if i get just one Call from an interested company it would pay off the trivial Cost of making the he Laid off workers buy and run grocery store Able to sell in Japan Sony chairman asserts up the chairman of the Sony said he believes that american Industry has Many advantages Over japanese Industry and could com Pete for business inside Akio Morita said a big defense budget and a Large Aero space Industry has created a sophisticated High technology area in the american i generally feel that America has Many advantages and an advantageous if they can utilize them in the right he you can go the chief executive of the giant japanese electronics firm made his comments following a panel Dis Cussion at Williams College on Japan and the United states in the Philadelphia up Twentyfive unemployed grocery store workers chipped in got a Bank loan with the help of their Union and opened what May be the nations first employee owned the Roslyn store named o and o supermarket for we own we operate it opened for business Wendell president of United food and commercial work ers local said the cooperative venture is a Job saving Model for the struggling retail food i have no he told a news that if this thing if these people Are successful in the next six even in three this thing will take off like wildfire All across the the employee ownership store is the second innovation developed by the Union to help More than workers left jobless when the ailing Chain closed numerous stores in the Philadelphia area last the 25owner workers put up each to become shareholders in the in a former they needed an additional in Bank Loans just to open the Young the Union acted As supplying the employee owners with demographic studies and other resources needed to secure the Young a second employee owned store eventually will open at Parkwood Manor in Northeast Philadelphia and other potential Sites Are being Young in the next six we could have up to six employee owned the Union will have no part in managing the stores other than some say in their wage o and 0 will be run by a manager hired by the who will retain their Union membership and be covered by the Union other closed stores have been reopened under a participatory management plan developed earlier by the company and the under that workers accepted contract concessions in Exchange for a share of a stores profits and a voice in their

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