Reagan Lets Plant Closing Notice Bill Become Law Without Signature
President Reagan will let the plant closing and mass layoff notice law become effective without his signature. The measure requires 60 day advance notices for employers with 190 plus workers when a plant closes or 50 or more jobs are cut, with certain exemptions and a Feb 4 1989 enforcement date.
MENTIONED IN THIS ARTICLE
Washington
Reagan
House
Senate
Congress
Metzenbaum
Goodyear Realigns Units Into Two Divisions
Goodyear Tire and Rubber Co will split into two divisions, tires and general products, after the market close. The move aims to streamline the firm for flexibility and quicker response to market changes. The stock slipped 25 cents to close at 61.87 on the NYSE. Chairman Robert E. Mercer announced the plan.
MENTIONED IN THIS ARTICLE
AKRON
Goodyear Tire & Rubber Co
New York Stock Exchange
Goodyear
Robert EB. Mercer
Ohio Officials Applaud Mandatory Plant-Closing Notice Bill
Senators Metzenbaum and Glenn led support for a bill requiring employers with 100 or more workers to provide 60 days advance notice of plant closings or mass layoffs. Reagan opposed but allowed passage. Cleveland Mayor Voinovich and Ohio Gov Celeste praised the move as fair and protective for workers.
MENTIONED IN THIS ARTICLE
Bureau of Labor Statistics
Cleveland
George Voinovich
Metzenbaum
Senate
Reagan
Richard Celeste
Capitol Hill
Celeste
Ohio
Sen
John Glenn
Glenn
Leading Indicators Jump 14 Percent in June
The Commerce Index of Leading Indicators rose 14 percent in June the largest one month gain in 18 months. Economists say the jump reflects a rebound from May and does not signal overheating.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Elby's to Rejoin Big Boy Franchise in Rename Plan
Elby's restaurants will become Big Boy locations under an Elias Brothers agreement. The move, effective Monday, aims for national menu consistency and stronger brand recognition across West Virginia Ohio and Pennsylvania where 75 Elby's outlets will be renamed Big Boy.
MENTIONED IN THIS ARTICLE
Wheeling
W.va
Hiby’s
Big Boy Restaurants
Elias Brothers Restaurants Inc
Filby’s
Big Boy
Eiley’s
George Boury
Elby's
Big Boys
Elias Brothers
Warren, Mich
Michigan
Ohio
Ontario
Canada
Marriott Corp
Washington, D.C
Elby’s
Boury
West Virginia
Pennsylvania
California
Steel industry seeks renewal of import quotas in 1989
Steel executives told the Congressional Steel Caucus that profits last year may not last unless voluntary restraint agreements with Japan, South Korea and others are renewed before their 1989 expiration. Thomas C. Graham of USX warned that global excess capacity and subsidies mean the market remains fragile amid potential downturn.
MENTIONED IN THIS ARTICLE
Washington
Congressional Steel Caucus
Japan
South Korea
Thomas C. Graham
USX Corp
Graham
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ABE
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Te Anheus
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Hanson
Hewick
serre R_ Smith & Co
IBM
We Allied Corporation
IniPan
Alite
Jehan
AmerShip
Kmart
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Keeger
CPC
Tater. Inc
Merson Leb
RCA
First Bancorp
Harton
E Goodrich
Fae Hills Dept
Mi i
IC. Industries
Mcertt
Howard Metzenbaum
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United States
Brothers George, Michael and
Ellis Boury
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Wheeling B&o
Ridgeville Rangers
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Frank Nedwick
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