GM cost cutting to cut Dayton area suppliers
General Motors plans to drop several Dayton area suppliers as it accelerates cost cuts and a broader reorganization. The move, tied to plant closures and a push to create world class parts systems, could force local vendors to compete on quality and price while larger firms take on more complex assembly tasks. Local officials warn hundreds of suppliers rely on GM for about a billion dollars annually.
MENTIONED IN THIS ARTICLE
Dayton
General Motors Corp
Dayton-area
Derr
Brinkman
Delco Chas
Northern Savings profits rise 30 percent in quarter
Northern Savings and Loan Co. reports quarter ending March 31 assets of 229.9 million up from 201.3 million a year earlier. Net income after taxes up to 525,693 with per share at 2.19, while income totals slightly declined to 4,640,050 from 4,658,029. President Neal Hubbard cites higher deposits and mortgage growth and notes potential rate shifts and insurance costs.
MENTIONED IN THIS ARTICLE
Elyria — Northern Savings and Loan Co
Neal Hubbard
Hubbard
Executive pay rises as profits fall in major firms
In 1991 chief executives at 363 large firms earned an average 2.47 million dollars, up 26 percent from 1990 while company profits dropped 15 percent. Anthony O'Reilly of Heinz topped with 75 million. Studies note stock awards inflate totals and credit pay rises despite weak profits. Politicians and experts debate executive pay and tax deductions amid a recession context.
MENTIONED IN THIS ARTICLE
New York
America
Standard & Poor
Compustat Services Inc
Towers Perrin
Bureau of Labor Statistics
Anthony O'Reilly
H.J. Heinz & Co
S&p
Bush
Sabo
Robert C. Greenberg
Greenberg
Wall Street Journal
Business Week
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Dayton Daily News
Tom Derr
Wren Industries
Tipp City
North American
Charles L. Brinkman Jr
Brinkman Tool & Die Tnc
Sis
Needmore Road
Amcast Industrial Corp
Kettering
Amcast
Leo Ladehoff
Richmond
Ind
Delco
Zales
Krebs
Midway Mail
Gary Nageli
Ohio University
University of Oklahoma
Ohio State University
Amherst
Rotary Club
St. Peter's United Church of Christ
Northeast Ohio
Diabetes Assoc
Northern Savings and Loan
Middle Ave
Elyria
College Park
Antioch Dr. Elyria
Midway Mid
Midway
Mal Bie Blvd
Elyria, OH
N. Ridgeville
Center Ridge Rad
Martin Sabo
D-Minn
Rexact
Nyse Sted
IBM
Bmarkla
McDert
Pata Armco
Disney Aus
McDanl
AnRich
Merck
DuPont
Merlyn
Ve Mobil
Morgan
Ed BankAm
Entergy
Motoria
MG Bellail
Exxon
BellSo
NfSerm
Ford
Va Mike
Boeing Borden
Gaps Genel
Gilletes Cri
Quakro
Reebok
N. Trier
Unisys
Unocal
Lewis Zaller
Lewis Zeller
Pierre R Smith
Acme Cleve
Alltet Allied Corporation
Siway pimetStip Building i
CPU Inter Inter Inc i
Sy First Bancorp
Cri Goodrichsie Hills Dept ‘A Invacare
LCB Bancorp
LNB Bancorp
Lesco Inc
Mid-Am Inc
PNC
Parker Hannifin
Smuckers/SIMA
Texas Utilities In
Woolworth
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