PROFIT SHARING
SUCCESS IN AUSTRALIA AMERICAN ENTERPRISE (9 a .m.) SYDNEY, Dec. 31. An American co-operative profitsharing scheme is in successful operation in Australia, said Mr. W. I. Miskoe, Australian managing director of the Lincoln Electric Company, at a meeting of the Institute of Industrial Management. Profit-sharing could achieve _ even greater success in Australia than in the United States, he said, because of the intelligence of Australian workers. He said a small Sydney factory had been in operation for five years. Last year the bonus of £I4OO was distributed among 70 employees. In America, the Lincoln factories had never lost an hour because of friction between the workers and the management.
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Bibliographic details
Gisborne Herald, Volume LXXIII, Issue 21934, 31 January 1946, Page 7
Word Count
111PROFIT SHARING Gisborne Herald, Volume LXXIII, Issue 21934, 31 January 1946, Page 7
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