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Westclox History from 1960 to 1969

1960

Corporate

R. H. Matthiessen - retires as Board Chairman - continues as Director of

General Time. First President of Parent Company - General Time Corporation, in 1930.

Erard Matthiessen - resigned as Director

B. K. Wickstrum - Executive Vice President and Director

Edward Jamison - Vice President and Director of Finance and will also continue as Secretary

G . C. Ellis -Elected Treasurer and will continue as Comptroller

James W. Hawthorne - general Manager of Haydon Division - appointed V.P. of Corporation

Promotions - Westclox

F . R . Bonnet - Comptroller
J . Richmond - Supervision Industrial Timers - Eng. (st . 1957)
W . Fitzsimmons , Jr . - Assistant Foreman Ordnance Subassembly ( effective 1/1 Reporting to Harry Coulter Foreman of Dept.
G. Hynard - Manager of Ordnance
W. P. Beck - Chief Engineer Clocks and Watches (replacing C. Sauter)
A. Bridger - Assistant Industrial Sales Mgr. - reporting to J. Bruce Industrial Sales Mgr.
C. Burger - Foreman Timing Racks
B. Abdella - N. Y. Regional Mgr.
J. Finnell - Regional Sales Supervisor N. Y. Region
B. A. Freitag - Accounting Service Mgr.
J. Segatta - Transferred to General Time Internal Audit Staff
E. Reitgraf - Supervisor Mail Order (st. 8/1935)
D. Dwornik - Manager - Q.C.
Mel Hahn - Assistant Foreman Vibrating Dept. (St. 1936)
J. VonHolstein - Product Mgr. Electric Clocks
D. F. Clemens - Product Mgr. Clock Radios
Barney Cerri - Foreman Shipping - replacing Nick Trillet who died 10/
R. Weaver - Specialty Sales Mgr.

Miscellaneous

Westclox Christmas Party

4,000 Attended

Westclox Received Award for Weather Observations

Westclox Presented "A" Award of Honor for Safety Record 1959

Layoffs Cause Concern - Sales Down (especially autoclocks)

Blister Pack - introduced for packaging clocks - displays

Gage Section

transferred from engineering department to Quality Control Department
Frank Bartels - Supervisor

Quarter Century Club

43 years old. Largest class to enter - 101 - new members.
Of this class, 5 will be honored for 35 years service.
R. Culbertson entered Quarter Century Club.
John Kurkowski - Honored for 50 years service - started in 1910, at age 15.

General Time Research Laboratory

Developed "INCREMAG" - controlled device for taking pictures and programming on T.V. TIROS metrological satellite.

Introductions

Clocks - Wall - 8 Day Keywound - Scroll, Camden, Granby, Athens, Embers
Clock Radio - Travelaire (Transistor w/keywound clock)
Cordless Battery Clock - wall - Haywood $16.95

Corporate

1960 Sales - $60,508,356
Loss - (1,594,238)
Shares (-$0.36)

1961

Corporate

(Appointed)

Horace Walton- V.P. Finance and Secretary General Time Corporation

Forrest Price - V.P. and General Manager Seth Thomas

Harry Whitehead - V.P. and Director of Manufacturing - G.T.C.

R. B. Holly - V.P. and General Manager Westclox Division

D. Caverly - Director of Engineering - G.T.C. (elected V.P. Eng. 196?)

G. Fraker - General Time Director & V.P. of Government Relations

- - - - - - - - - - -

J. Graham - Plant Manager Athens Plant

L. Cordes - Assistant General Manager - Westclox Divisions

Harold Millikin - (Mgr. of Marketing) Special Assistant to General Mgr. Westclox Divisions

R. C. Shee - Manager of Marketing - Westclox Divisions

J. L. Bruce - (Ind. Sales Manager) Manager of Industrial Sales - Westclox Div

B. J. Adbella - Sales Manager - Eastern Division (st. 1959)

E. E. Connel - Marketing Service Manager

D. E. McConaughy - Marketing Development Manager

E. J. Almstedt - Product Manager - Keywound Clocks (st. 1957)

H. E. Burch - National Sales Manager (1948 st.)

J. H. Finnell - Product Manager - Watches (1959)

J. E. Dana - Assistant to Manager of Marketing (st. 1956)

George Shaver - Plant Engineer

R. H. Preiser - Chief Engineer - Industrial Products

E. F. Cielaszyk - Supervisor Watches - Engineering (st. 1/27/41)

John Serafini - Chief Cost Estimator (st. 1950)

Corporate - Directors In Office

W. T. Taylor
D. G. Mitchell
E. B. Wilkinson
M. W. Lowell
H. C. Walton
R. C. Taylor
B. K. Wickstrum - Executive V.P.
J. H. Schmidt
D. J. Hawthorne - President
W. M. Robbins
R. H. Matthiessen, Jr. - Chairman
W. H. Wheeler, Jr,

Miscellaneous

Westclox donates land to Peru for Park purposes - three acres adjacent to McKinley School (East end of Peru)

Westclox Engineering holds First Annual Conference 1/20/61. Engineering Man of the Year Award - E. H. Beiser

National Safety Council Contest - Safety Award - First Place - July 1, 1960 — June 30, 1961 (4,787,421 hours)

Westclox fire Department - appointed Jim Meyer Westclox Fire Chief, replacing Anton Schaeffer who retired.

Introductions

Electric Moonbeam - silent alarm - flashing light
Dash Springwound - $4.98 Pl; $5.98 Lum.
Colt "

Completed

First fully automated clock movement assembly line, and a large portion of sub-assembly work was also automated.

Corporate

Sales

$65,599,666 (8.4% higher than 1960; Net income - $472,885; Shares +$0.23.
Foreign subsidiaries accounted for 18% of total sales.
(Investment in Research, Development & Engineering averaged 4% of dollar sales in 1961.)

Military

WTX Military Order backlog at the end of the year in excess of $6,500,000 - compared to $1,500,000 at the end of 1960.

Data Collection

General Time leading position in the field of Data collection with Stromberg Transacter System - During 1960 - 150 Units; 1961 500 units delivered (Transacter Input Stations).

Organized

Electronic Systems Division - located Stamford, Conn.

New Plant

New Plant under construction in Toluca, Mexico (50% interest in factory for General Time - expected to open in 1962.)

Quarter Century Club

More than 1,000 employees in General Time Plants (Illinois, Connecticut & Canada) belong to Quarter Century Club.

Employment

Full employment - 7,000 (all divisions of General Time - Wages - $27,041,662)

1962

Corporate

D Hawthorne - Chairman of Directors and Chief Executive Officer of General Time Corporation

B. K. Wickstrum - President of General Time Corporation

D. G. Mitchell - Chairman Executive Committee

H. C. Egerton - V.P. General Time Corporation and General Manager Stromberg Division

R. L. Shaw - V.P. Westclox Div & Manager of Marketing Consumer Prod.

- - - - - - - - - - -

Westclox Promotions

J. Serafini - Controller's Special a Assistant
F. Kotecki - Foreman Fuze
J. Heitmann - Foreman Trade Repair
J. Jones - Marketing Dev. Manager
Roy May - Manager of Trade Repair
Bob Hornecker - Field Service Manager
Norman Utz - Assistant Foreman Clock Assembly(Small Clock)
W. A. Hilliard - Chief Engineer - Consumer Products (8/1/62)
J. McNamara - System and Procedure Administrator (LaSalle, Athens)
W. B. Baugh - Budget Supervisor
Lyle Hahn - Assistant Foreman (night shift) Ordnance Parts and Subassembly
Roman Kotecki, Jr. - Supervisor, Product Engineering

Miscellaneous

General Time Acquires - Barth Engineering and Manufacturing Company

(Meridian, Connecticut - Makers of Electronic Systems

Westclox - General Time Corporation (LaSalle)

Participates in developing NEAR RECEIVER (National Emergency Alarm Repeater
System) and in production of same.

August 28

In a talk by Mr. R. B. Hally - the news came through that Westclox Division LaSalle - was to Phase Out Autoclocks to the Athens Plant.

Westclox Engineering Second Annual Conference

R. Cofoid, Supervisor Engineering - was presented "Man of The Year" award.

Quarter Century Club

46 years - F. Radke elected president

Westclox - LaSalle (Misc.)

Safety Award - Westclox LaSalle - 3,250 man years of work without loss time accident.

LaSalle series of jeweled watches were introduced - retailing $10 - $20.

75% of all Clock Movements assembly - fully mechanized (Automatic lines)

General Time

Introduced

Solid State Clock - (no moving parts) - newest in electronic timekeeping.

Westclox "Drowsewood" - Drowse movement allowing 5 - 10 minutes extra sleep.

7/1962 - General Time entered into an agreement with National Cash Register (Ohio) for marketing and servicing TRANSACTER DATA COLLECTION EQUIPMENT - manufactured and developed by Stromberg Division.

PLANT - in Toluca, Mexico opened for production.

ADDITIONAL FACILITIES - purchased in Athens, Georgia for assembly of Autoclocks being transferred from Westclox laSalle.

General Time Sales - $69,171,131 - (Military sales for the year approximately $7,000,000 - Defense Backlog year end $8,000,000.

1963

Corporate

D. J. Hawthorne - Chairman General Time Corporation Board of Directors - RETIRED.

B. K. Wickstrum - Chief Executive Officer

Payroll

$15,393,000

Quarter Century Club

Active members - 963 - 265 Associate Members
Total membership - 1228

50 Year Awards ($1000 Government Bond) to -

Theresa Luba
Pearl Kaxmierczak
Max E. Blocki

Promotions

J. Serafini - Supervisor Data Processing - then to Div. Budget Mgr.
M. E. Schlenker - Manager of Engineering - General Time Director of Overseas Procurement
Mel Hahn - Foreman Vibrating
Gene Koehler - Assistant Foreman - Scheduling
R. Shields - foreman Inventory Control
Walter Poceliuka - Contract Administrator Ordnance
J. Ebers - Westclox - LaSalle - Plant Controller - then to Div. Controller
H. Legget - (Was Foreman Clock Assembly) - Foreman Power Press
*See Below J. Flanagan - (Was Foreman Power Press) - Special Assignment - reporting to Manager of Manufacturing - George Smith
H. Terando - Foreman Watch Subassembly and Clock Subassembly
F. Rigazio& Karl Kuetzer - Tool Department Foreman
Al West - Foreman Machinery and Tool Design
R. Preiser - Chief Engineer Industrial Products and New Products
R. Ristau, Jr. - Chief Manufacturing Engineer - Military Products
D. Hayden - Data Processing Manager
R. Garner - Assistant Foreman Inspection - Military Products
K. Brackman - Assistant Foreman Ordnance Subassembly
R. Herrman - Tool Apprentice Supervisor
J. Flanagan - Superintendent Tooling
W. Baugh - LaSalle Plant Controller
L. Murato - Superintendent Data Processing

Miscellaneous

Westclox Awarded National Safety Council Highest Award - 4th consecutive year.

Westclox engineering Third Annual Conference - E. F. Cielaszyk awarded "Man of the Year Award"

Pocket Watch to be transferred to new assembly line (automated)

1964

James W. Hawthorne - V.P. Planning & Administration of G. T. Corporation (was V.P. and general Manager haydon Div of G. T. C.)

H. C. Edgerton - V.P. and General Manager of new Industrial Products Division - consolidation of Haydon and Stromberg Div (Was - V.P. and General Manager of Stromberg Div.)

Don G. Mitchel - Chairman of the Board of Directors of G.T.C.

H. B. Whitehead - V.P. International Operations of G.T.C. (and operations - Great Britain, Canada, Virgin Islands, South America, Mexico, Hong Kong)

Dave L. Bennett - International Sales Manager - retired

General Time Earnings Up 41.6% in first nine months of year.

In Office - Westclox

G. H. Smith - Factory Manager in LaSalle
R. Ristau - Chief Manufacturing Engineer - Military Products
Ross Culbertson - Manufacturing Superintendent

Miscellaneous

1963 Christmas Party -2800 children (4800 w/adults) - Children and Grandchildren of employees of Westclox

Vacation - July 20 — August 2, 1964

Foreman's Club - - - - - - - - elected - Joe King as President

Transfer - Auto Clocks to Athens

Model

Chevrolet - 8
American Motors - 1
Oldsmobile - 1
Cadillac - 1
Ford - 1

Added - 10/64

Pullwind to 77 Movement (Scotland type)

1965

Corporate

H. B. Whitehead - Senior V.P. - Assignments include operating responsibility for - automotive, appliance, and other other equipment products, including the Athens Autoclock plant and york, Pa. plant - retains responsibility for International operations, manufacturing and purchasing.

R. B. Hally - V.P. - names General manager of Westclox Consumer Products - LaSalle and Athens - and responsibility of Military Products ad LaSalle.

F. W. Price - V.P. and General Manager Seth Thomas division - named - V/P/ marketing (Consumer) - responsible for consumer Marketing for Westclox Divisions & Canada.

Sales up 33.7% - Record Sales (Sales increased for fifth consecutive year ($91,622,000) (1964 - 79,904,000)

Promotions

R. Ristau (Chief Manufacturing Engineer - Military Products) - now - Assistant Chief Industrial Engineer - reporting to R. St. Martin Chief Industrial Engineer.

M. Heider (Superintendent - Military Products) - now - Assistant Manufacturing Superintendent reporting to Ross Culbertson, manufacturing superintendent.

G. Keith (foreman Chemical Laboratory) - now - reports to A. Spetzler, Manufacturing Research Manager.

Retired

Pete Trost (Payroll Supervisor) - January 1, 1965 - w/50 years service

Christ Foockle - January 31, 1965

(Both received $1,000 Government Bond)

Miscellaneous

Suggestion System Put In Effect

1st Prize 1966 Ford Mustang, plus $2,781.30 cash - won by Ruby L. harmon 9Improve application of bonding cement to the hairspring and stud) - cost savings $18,542 annually.
22 Suggestions adopted - Cost savings of $38,103.45 annually.
Cash Awards given - $5.082.31

Payroll

$13,985,000

General Time Sales

$91,624,000

Military Sales

$18,000,000

Introduced

New Battery Movement "Auditron"

1966

Corporate

General Time Corporation offices moved to Stamford, Connecticut - new building.

Athens Plant to convert only to Consumer Products -
Autoclock manufacturing at Athens Plant 2 - to b e moved to new facilities in Davidson, North Carolina - Precision Products and Parts Division of General Time Corporation.

General Time sold Stromberg Time Recorder business to MITE Industries.

Record Sales - first 9 months - $80,976,000 (1965 - first nine months - $66,018,000)

Westclox

G. H. Smith - Plant Manager

Miscellaneous

Burton Richards - retired (Editor of Tick Talk) - Industrial Relations department. (St. 1924) (Retired June 17, 1966)

Introductions

Magic Touch alarm

Wrist Watches added to Westclox Crown Line

Misc.

Sales 1966 - $110,880,000 - 21% increase from 1965 ($91,624,000) Net income increased 31%

Military Shipments - $29,000,000 - expect to increase in 1967 to between $36,000,000 - $40,000,000

Transferred Products

To Athens

Kitchen Timers (8/66) 850/day

Travel Alarms - Imports (7/66)

Manicure Kit (7/66)

Travel Clocks Domestic - 600/day (9/66)

To Gadsden, Alabama

Time Mist Aerosol Dispenser - 75,000/yr.

1967

Corporate

Norman Symons - Director Purchasing G.T.C. - Westclox Divisions
Herbert Machol - Manager Internal Audits

G. Smith - Division Manufacturing Manager LaSalle - Peru, Athens, and Thomaston, Connecticut (responsible for all Manufacturing operations in these divisions), announced by R. B. Hally, G.T. V.P. and General manager of Westclox Divisions. (st. 1928)

J. H. Ebers - (Was Westclox Division Controller) - succeeds G. H. Smith as Plant Manager (st. 1962)

M. Long - (Was Assistant Division Controller) - Division Controller LaSalle - Peru, Athens, and Thomaston - Stamford. (st. 966)

- - - - - - - - - - -

Westclox

I. E. Hamilton - Westclox Division Credit Manager
R. D. Cofoid - Supervisor, New Product Development (st. 1946)
R. Soenksen - Electrical Engineer - New Product Development

Foreman

Mel Hahn - Foreman Auto Screw - now Foreman Staff & Pinion (st. 1936)
R. Johnson - Foreman Auto Screw (st. 1940)
C. Savio - Assistant foreman Auto Screw (st. 1928)
Wayne Schultz - Foreman Vibrating and Hairspring
G. Berrymen - Assistant foreman - Stores 9st. 1935)
A. Pawlak - Utility Foreman
N. Peters - Buyer - Consumer
E. Bartlett - Foreman Printing
J. Torchia - Assistant Foreman Printing
A. Jukubiak - Foreman Process Purch Parts & Raw Mat'l Inspection
R. Seinkiewicz - Assistant Foreman Final Assembly
C. Sprung - Ind. Relations Rep reporting to J. Wright - Div. Mgr. I.B.

Retired

Joseph Bach - 2/28 - with 48 yrs service
Harry House - 3/5 - with 46 yrs service
Joseph Somian - 3/16 with 49 yrs service
Walter Arnolts - 47 years of service
Arthur Cattaneo - 41 " "
Newell Culver - 47 " "
A. Detreick - 49 " "
M. Kaus - 47 " "

Miscellaneous

3,000 Children attend Christmas Party 12/17/66 (5400 total with adults).

Suggestion Awards

Gus Vescogni (Tool) $536.23
Bud Wojciechowski ($518.53)

Cost Improvement Program

$273,565 Savings (30 Employees honored for suggestions)

Tick Talk

New Tabloid size

Automatic Line Installed in Hairspring Department

Payroll

$16,835,858

United Fund

$22,624.81 (Employee's contributions); Company $7,000 (68.3% employee participation

Introductions

Magic Touch Feature - added to Travel alarm and Baby Ben

General Time Corporation

5/67 - Acquired - Video Mapper of Televiso Electronics Div, Doughboy, Indiana and moved it to Rolling Meadows Space & Systems Division.

6/67 - Acquired -"MINELCO" - Miniature Electronics Component Co., Hollybrook, Mass. (Electronic Components)

7/67 Acquired - Lakeville Precision Molding Company

Transferred

Pocket Watches - to Athens - Production 7,000 per day 11/67

Battery Clocks - to Athens - 2,410 per day

Man Time Watches - to Athens 11/67

Magnet Watches - to Athens 11/67

Lighted Dial Pocket Watch - to Athens 11/67

Aristo Stop Watch - to Athens 11/67

S.D. 2041 Stop Watch - to Athens 11/67

Minneapolis Honeywell S.D. 1934 to Athens 10/67

T. (Time Only?) Clocks (Eastern Time Ltd. Movement) - Shutter Travel, Boutique Neuchatel to Athens 10/67

1968

Employees

Approximately 2,800

Payroll

$16,908,444

Corporate

D. G. Mitchell - Chairman of Board of Directors - G.T.C. (has been i??)
Mr. Osborn elected to General Time Board

B. Beck - Elected Chairman of Board of G.T.C. Subsidiary - Lakeville Precision Molding

E. Farneti - P.P.P Division Manufacturing Manager (st. Westclox 1935)
J. Serafini (Controller P.P.P. Div.) appointed "Director of Operations Planning" = report to B. Black, V.P. Mfg. Corp. (7/68)

Quarter Century Club

51st year - President E. Wujek

Active Members 1,008
Associate Members 403
Total Membership 1,411

50 Years Service

Walter J. Meyer (Assoc. Member) (G. Smith's Brother-in-law)
Arthur P. Erb (Assoc. Member)
John C. Seibert

All received $1,000 Government Bond.

27 Employees received awards for 35 years of service

58 Employees joined Quarter Century Club (25 years service)

Don Bray - elected President of Quarter Century Club for 1969).

Generals Time Corporation to Purchase Oceanographic Firm - "Braincon"

Marion, Mass. - Will operate as a wholly owned subsidiary.
E. C. Brainard II (founder 1959) will remain as president of firm.

Miscellaneous

General Time Westclox

Gives YMCA $4,000

Westclox Winner of National Safety Council's Award of Honor

for completing 5,442,479 hours without a lost time accident.

G. T. Reports Record Sales, Increased Earnings 1967

Earnings increased for the 7th consecutive year.

General Time Government Sales Hit Record High During Final Quarter

General Time Proposed Trade Program to Increase Exports

MINELCO - G. T. Subsidiary

Introduces Micro-Mini "BITE" (Built In Test Equipment)

Tax - Withholding Tax Increased to Pay New Surtax (extra 10% 3 mo.)

Suggestions

Two individuals received awards for their suggestions, S. C. Smith, R. Furar

Westclox

Accepting applications for Tool and Diemaker Apprentices

Westclox

Retains Engineering firm - Anthony B. Cassedy & Assoc. to survey our LaSalle Plant Operations

United Fund

Netted $22,894, Company $10,000 contribution (employee participation 72%)

Molding Equipment

Installed 12/68

Foreman's Club

Now known as Management Club

Cafeteria Switches to Vending Machines

September 1968 - Turnstiles Installed at Entrance to Plant Area

Employees required to use identification cards to enter for tighter security measures.

Christmas Party

10th annual party for Children and Grandchildren of Westclox employees held at LP Gym.

Merchandise Store Opened

12/68 - for Westclox employees and retired personnel.

C.I.P (Cost Improvement Program)

32 employees contribute ideas worth $242,545 in cost savings. (Two employees received $1,700 for suggestions)

Fuze Orders Received

$2,268,000 and $1,472,000

Westclox Big Ben Chorus Active During Holidays

Made 10 holiday appearances

Open House for Retired Personnel

137 retirees attended.

Dedicated New Plant 11/29/68 Davidson, N.C.

(60,000 square foot building) to manufacture Auto Clocks and Battery Movements

Introduction - Weather Instrument Line

Barometers, Hygrometers, Thermometers

Promotions

D. E. Mathieson - Utility Foreman
R. St. Martin - Mfg. Service Manager
R. Ristau, Jr. - Mfg. Engineering Manager
A. L. Spetzler - Manager of engineering & Automation Westclox Division
F. Shaede - Wage and Salary Analyst
R. Waszkowiak - Foreman Final Assembly - Commercial, Military
R. Stauch - Utility foreman
R. J. Haggerty - Employment Supervisor
G. Dowling - (Was Foreman Final Assembly) - now foreman of new department - Military Products Final Assembly Fuze (st. 1923)
James Colmone - Foreman Final Assembly
John Pietrowski - Assistant foreman Final Assembly Fuze
E. Wujek - Night Supervisor Military Products
Rudolph Kalman - (was Foreman new Products - Dept. disc. 1/68) - now Assistant Foreman Final Clock Assembly (st. Westclox 1923)
Joe Frkol - Foreman Small Clock
H. Schlenker - New Development Engineer (Mfg. Research Dept.)
E. Stauch - Assistant Superintendent - Metal Finishing
J. Gohlman - Projects Manager - Manufacturing Research
E. Papke - Night Shift Supervisor (st. Westclox 1927)
H. Pyka - General Service Foreman
D. Andrews - Industrial Relations Manager
H. Meek - General Foreman Parts Control and Stores?
G. Berryman - Foreman Stores
S. Curatlo - Foreman Parts Control
R. Shields - General Foreman Scheduling and Inventory Control
B. Mertes - Foreman Inventory Control - Commercial
J. Schatz - Foreman Inventory Control - Commercial
R. Tiggeman - Master Planner
H. Willmer - Special Assignment to Production Control Manager, R. J. Willmarth
C. Beiser - Senior Tool Design Engineer - Mfg. Research
D. Troglio - Senior Tool Design Engineer - Mfg. Research
W. Fitzsimmons - Foreman Power Press
R. C. Stauch - Foreman Parts and Pre subassembly
E. Mackiewicz - Assistant Foreman Assembly Fuze

Retired During 1968

* 50 Years of Service

1969

Corporate

General time Shares in Price of Apollo 8 Mission

Aboard was Central Timing Equipment (CTE) - designed and constructed by General Time Space and Systems div. working with North American Rockwell and NASA.

General Time Canada

Announces four-year expansion program, (R. L. Shaw) - President and General manager G. T. Canada, Ltd.). Sub-assembly and Assembly to new plant to be constructed in Amherst, Nova Scotia - Frank Harvie to be Plant Manager; plant to cover 75,000 sq. ft.

General Time Introduced Revolutionary Repair Service

(New Service Center in Chicago, Illinois) - clocks to be repaired or sometimes new movements completely put in while the customer waits.

General Time Unveils - Clock of Future

Introduced by General Time Research (uses alternate bars of rotating light, rather than hands to indicate hour, minute, seconds - electronic clock (120V - 60 cycles)

Miscellaneous

United Fund

77.4% employee participation (2104 employees - $24,323.7?)

Children's Christmas Party

to be held December 20 in new LP Gym (2400 Children attended)

Cost Improvement Program

(was introduced in 1965 to reduce waste and improve quality) - 40 employees recognized in 1969 for cost savings of $178.675.

New Pension Plan

Effective 1/1/69 - Former Plan - employees contributed approximately 5 1/4% of earnings over $1000/year. January 1, 1969 - contribution rate dropped 1/3 to 3 1/2% based on $5,200 income (contributions for 1969 - $147.00). Effective 1/70 - Contribution rate would be reduced 2/3 to 1 3/4%, based on $5200 would be $73.50 yr. January 1, 1971 - No cost to employee. . . . May purchase additional pension benefits when annual earnings are above $7,800 at a reduced rate.

Westclox Credit Union

Assets $1,024,240 - with 1,544 members (54% of working force)

Illinois Income Tax Deductions Withheld

2.5% Gross Income

Westclox Fire Department Chief

Donald Twardowski (fire truck described as 1929 vintage.)

Management Club President

1969 - 79 - Charles Pellegrini

G. H. Smith, Division Manufacturing Manager

Announces Revolutionary Clock - Quartz Crystal Controlled

Westclox Awarded Fuze Contracts

$1,771,217 and two more $13,695,340

Retirees Visit Plant

200 attended Open House

Quarter Century Club - 52 Years

President - Donald Bray

Annual Meeting - to be held in the Westclox Cafeteria Dec. 13.

Past Presidents of Club to be honored.
26 employees - 35 years
68 employees - 25 years

Walter Kolodziej elected President 70 - 71

Retires During 1969

* Honored for fifty years of service.

Promotions

(Athens) D. Anglavar - Plant Controller Westclox Athens (st. 1961)
R. Sienkiewicz - foreman final Assembly Military (st. 1935)
M. Flaherty - Utility foreman & Mfg. Controllable Expense
C. Pellegrini - Q.A. Mgr. - Military Products
Leroy Blum - Senior Manufacturing Technician
Joe Collins - Budgets & Accounting Supervisor
G. Pinter - Plant Accounting Supervisor
Paul Smith - Production Cost Supervisor
Ted Martin - Utility Foreman
Henry Terando - Cost Reduction Engineer, Mfg. Research
D. Mathieson - Foreman Watch Subassembly
Edwin Weisheit - Assistant Foreman Final Assembly
James McCann - Purchasing Agent
Gene Koehler - Foreman Stores
R. Luck - Personnel Assistant

General Time Corporation - merger with Talley Industries

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