THE STEEL INDUSTRY
BROKEN HILL WORKS. HIGH GOST OF PRODUCTION. MENACE OF FOREIGN COMPETITION. Pres. Association—By Telegraph—Copyright. SYDNEY, Auril 27. A special court under the Eight Hours Amendment Act refused to grant an application for an extension of the 44 hoars’ week to the employees of the Broken Hill Proprietary’s steel works at Newcastle. Mr Justice Beeby stated that it was not expedient at present to make any industrial change which would increase the cost of production. Foreign competition had again become a serious menace, which could only be met by the further lowering of prices. The immediate problem was for the company to achieve a producing cost which would enable it- to further reduce the selling prices. As the labour cost was the main element, there was a necessity for the company’s employees to come to a new basis of wage payments bearing relation to the local average selling price of iron and steel.
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Otago Daily Times, Issue 18541, 29 April 1922, Page 9
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155THE STEEL INDUSTRY Otago Daily Times, Issue 18541, 29 April 1922, Page 9
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