The Wingfoot Clan (Akron edition), Vol. 40, Review (February 26, 1951)

              THE WIrferew CIAN
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% r olume 40
SPECIAL EDITION
PROTECT OUR GOOD NAME
AKRON, OHIO, MONDAY, FEBRUARY 26, 1951 Review Number
REPORT TO EMPLOYES FOR 1950
ro Our Fellow Goodyearites:
By almost any measuring stick one may care to use,
6 1 t)50 was a truly remarkable year in Goodyear's record
. ijooks.
Our sales were the highest in our history.
• The tonnage of rubber goods produced by the -n-
Litchfield
pany was at an all-time , -
high. <%.#'
Total number of jobs %i·
provided by the company's .< 1. 0.-336
operation exceeded all ex- .
cept war years when the -
../...t I
.-*.
production of munitions
and aircraft temporarily -%'419 2- ·46
affected the employment •
figure.
The customary seasonal Thomas
fluctuations in total job and working hour schedules
t. were largely eliminated in 1950 because demand was
• ste»Hence, totalwlges in the rubber end of our business
were at an all-time high.
Of more enduring · significance to Goodyear em-·
1)]oyes, however, the year saw the company embark
; upon a liberal and far-0
• reaching program of pen-sions
and insurance. We
: should like to discuss some
of the implications of this
' program later in this mes-
1 sage.
***
DETAILS OF THE
POINTS outlined above are
given in various articles in
* this issue of the Clan which
are signed by the vice presi-dents
in direct charge of
li divisions of Goodyear's
& business. We urge thorough
reading of these articles.
I. They give you the broad
2 picture of how Goodyear's
majpr functions are or-ganized
and how they bear
upon the job you hold.
While 1950 classifies as a
civilian rather than a mili-tary
year, the prospects of
, war were a dominant in-
: fluence. There was 66scare
buying" of tires in the re-
Placement market during
most of the year.The output
of new motor vehicles, for
1, which we are the largest
K suppliers of tires, broke all
previous records. Such con-ditions
kept our plants hum-
· ining throughout the year.
A serious and compli-eating
factor in operating
our plants during 1950 was
the great instability of the
rubber market both in price
and supply. This situation
is reviewed at length in an
article appearing on Page
5 of this issue.
Due to our continuing
high rate of production and
the shortages in many of
the materials we use in
manufacturing our goods,
the accurate scheduling of_
factory operations was un-usually
difficult. Often we
were confronted by situa-tions
where even a slight
delay in the arrival of a
given shipment of fabric or
chemicals would force a
temporary shutdown in our
production. A close check is
being kept by the traffic
department upon every one
of the hundreds of material
laden trucks and freight
cars enroute on any given
day to our factories from
various parts of the coun-try.
Such nip and tuck con-ditions
are not always ap-parent
to the Goodyear man
on the machine even though
he realizes that the regu-larity
of his daily job de-pends
upon the supply of
raw materials. It is m such
times that the value of
teamwork throughout the
organization is at its highr
est.
With war threats in-creasing,
with growing mili-tary
requirements and with
WE TOOK IN $849,574,570; WE PAID OUT $814,465,215
($ Here's What Happened To Each Dollar Of Income)
' MATERIAL
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/ DIVIDENDS - '•
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'11.
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For total dollars represented by each fractional part of a single dollar above,
see SUMMARY OF ANNUAL REPORT, which appears on Page 2 of this edition.
conditions in the rubber pro-ducing
areas becoming more
critical, it is quite apparent
that the uncertainties of 1950
will continue during the fore-seeable
months ahead. It will
be necessary for all of us to
adapt to such conditions.
***
DETAILS OF THE NEW
PENSION and insurance pro-gram
are given in articles ap-pearing
on Page 8 and need not
be repeated here.
We do want to mention, how-ever,
some of the • significant
implications of this big under-taking.
Every Goodyear em-ploye
in the United States who
qualified through length of serv-ice
and age is designated to re-ceive
a minimum of $100 per
month upon retirement. Every
domestic employe is also cov-ered
by a substantial life insur-ance
policy paid for by the com-pany.
The company's total li-nancial
obligations thus involved
are extremely heavy. They must
be paid out of what we have
left after paying for materials,
wages, taxes, new machinery
and other current costs.
Every pension payment must
be earned before it can be
made. If it has not been pre-viously
earned by and set aside
for the person receiving it, it
must be earned by another. It
can be earned only through
production and sale of our goods
and this, reduced to its simplest
basic terms, means a good day's
work from each person who ex-pects
to benefit from the pension
and insurance program. Thus
the continuing health of the
company is of greater personal
importance to the individual
employe than ever before.
We hope all Goodyearites will
accept and assume their indi-vidual
shares of the burdens
permanently placed upon the
company's resources. Only
through such understanding and
teamwork'can the program hope
to succeed.
**
NOW LET US PEER briefly
into the future of Goodyear.
The fighting in Korea, the
presence of growlng American
armed forces in Europe and the
increasing threat of communist
aggression are apparent to all.
Whether or not a full scale
war will develop remains to be
seen. That decision will be made
by the Kremlin. Probably rank-ing
even stronger than our
possession of the atomic bomb
as a deterrent to Russia's own
war planning is her knowledge
of the ability of American in-dustry
to produce in overwhelm-ing
volume the equipment for
modern warfare, planes, tanks,
guns, ammunition, ships and
vehicles.
These American facilities must
be made ready. They must
quickly hit a high rate of war
production so that we cannot be
taken by surprise. We must
demonstrate that we mean busi-ness.
In this situation Goodyear is
once more stepping forward to
assume its full share of the
burden of keeping America
safe. We will place our entire
resources at the disposal of this
cause and rnake such sacrifices
as are necessary. There can be
no "business as usual" with
this threat hanging over us.
In faCirlg this prospect, the
company Is counting upon and
fully confident it will have the
loyal, patriotic cooperation of
every member of the organiza-tion,
from top to bottom.
.9.9£ 3841/29/6 ch,i,man
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