South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-07-26
PENSIONS
INSURANCE IN
PLANT POLICY
Increase in Wages, Shorter
Hours, to Begin on First
of August.

old age pensions. stock purchase
partnerships and life insurance to-
gether with an increase i'm wages and
a reduction Of hours per week. an
Of which benefits TO employees viii
begin Aug. J of this year. were an
nounced by officers OF the Sude-
baker corporation this morning
Several thousands OF men and
women viii benefit under the grant.
which is said 10 be the greatest
step m behalf Of the workers taken
+ los any American corporation
Beginning Friday Aug. l." saws
q statement given out this morning.
the South Bend plants OF the stu
I debaker corporation will be operated
on a schedule Of As hours per week
/ instead Of so hours as heretofore.
consisting Of S4. hours for five davs
end 4i hours on SATURDAYS. The
new schedule harmonizes with the
schedules of the Detroit and Walker
vile, Ontario. plants. and is in keep-
/ irc with the modern idea OF shorter
working hours for industrial en-
/ ployes. All wage rates will be adj
jlsted 20 compensate employees for
| the reduced operating hours Tn adj
/ oltion. the corporation is reviewing
I the individual wage rates Of an de-
/ Fartments and increasing wages
+ wherever any adjustments are nee
/ essary. il being the fixed policy OF
F the corporation that the rates OF
wages paid by 1t shall ar an times
/ Ice az least as high as those gem
/ orally prevailing in similar trades
/ throughout the districts in which IT'S
( plants and offices are located.
Have More Plans.
Furthermore. the management
las allowed il 10 become known that
they are developing important plans
/ for the beneht Of an employees whose
annUal earnings are $4,000 or less.
under which continuous service viii
/ be rewarded in several most re-
markable and liberai ways. includ-
( ing payments OF employment anni-
versary rewards. annual vacations
with pay for factory employee. stock
I purchase COL partnership plans. old
F age pensions and life insurance. The
payments under the plans. being "a
/ hXed charge against the profits. viii
involve heavy expense upon the
/ corporation which must bee met be-
? fore dividends are paid 10 stockhoId-
crs. That is 20 say. these payments 20
I employees are fixed expense Of OBJ
I Grating the business s-td are not dee
/ pendent upon the corporation max
ns profits Under profit sharing
7 plans, employees take The risks OF
profits being made. whereas these
rlans relieve them from such risks
and can .e counted upon as exact
-ertainties. as long as they are in
/ operation While the complete de-
/ tails cannot De released for plbIica-
/ lOn until the plans are approved lv
/ ine directors ar their next meeting
~ South Bend on Aug S. we are
officially informed that II approved
/ hey VIII Doc put into effect not later
+ han Sept g. or earlier If possible.
/ he intervening time being ueces-
Eary for the COMP ,i0n OF the orr
/ ranIzatiOn and operating details of
/ the Cooper tive Department which
/ fas been esta blIshed by the corpora
tIOT % administer the plans and
+ tave entire control and manaeement
. q AN the matters affecting The well
fare Of its employees. which wGl
/ D umber 10000 when the new plant
an South Bend IS completed and ia
+ operation. such information as ln
available ar this time indicates ne
. Cetaiis OF the above plans viii n.
. clude the following terms
Plan AuufKprsnVN GHfrIs-
The anniversary check plan is in-
tended 20 increase the percentage %
. continuous service employees and
eliminate as much as possible ths
'rCmber ~ transient employees who
Interrupt production. increase costs.
/ rake errors. and are detriment ro
/ the success OF the business 0s The
corporation and also 20 The inter-
ests OF its regular employee Under
it new employees viii receive an an-
rlrersary check on the first auui-
versary OF their employment for Hte
percent OF their previous years
earnings. and similar checks f0r fEe
percent on their second third and
-0urth annIversarIes and checks for
no percent on their NTH anniversary
and each succeeding year thcreafl-
e.. Old employees. who have already
been in the service OF The corpora
tior from one 10 four years. VIII
receive checks for uEe percent on
zach anniversary. while those who
Save been with the corporation nte
sesrs or more viii receive cheess