Show i I f fIS IS GIVEN TRIAL In Tn a 1 report I sued Issued on Increased operating efficiency In plants planta of at tho the American SmeltIng Smelting Smelt- Smelt Ing and Refining company President Simon Guggenheim has hu submitted the following follo In Information information In- In formation to stockholders concerning problems problems lems lents faced policies pursued and results obtained ob oh tamed During time tile war the company faced a tremendous tremendous tremendous tre tre- Increase In all cost coats relating to production We Ve were forced to become a competitor for tor tabor bor with Industries that were nere operating under favored conditions permitting permitting permitting per per- them to meet the highest labor exactions ex ex- actions action without ut affectIng their profits Mounting 1 operating costs coats attended upon the securing of labor which In large measure was untrained In the Industry These Theae difficulties It was realized Oust must be circumvented In part at least leut by greater great great- er efficiency of plant operation Illustrative of the policy pursued with respect t to meeting the hard conditions condition II Imposed imposed Im Im- im- im posed by bj the wars war's aftermath the methods methode applied at one ono of our larger plants may serve 5 as typical of the general lIneral efficiency policies throughout the A Job analysis analysis' was wall made co every operation In the plant so ao that the company might dla discover over and take up any sl slack ck existing ex ex- meting Classes were vere formed In executive and administrative work In foremen's general general gen gen- eral training and In vocational training Out of of ef this industrial training has haa grown a better and closer cloer supervision by plant ex executives u- u so ao that the working force torce on each operation has been reduced to a minimum never before and a much greater production has been per man juan emP em- em P Indicating the effect of ot efficiency and other managerial policies on labor costs cost In 1914 repair supply and construction labor was wu paid an al' average everage of 42 for tor toran an tun eight eight- hour day while In November ember 1920 the rat rate was waa J 39 an In Increase rease of or per cent In December 1 1021 through various readjustments readjust readJust- meats ments the rates for repair supply and construction con con- labor had been reduced to U it i for tor foran foran an el hour eight per t cent eo gro below day This the e ehret highest was a 5 decrease rate rat 5 39 of I paid In November 1920 9 pal The Installation of or Oi mechanical equipment equip equIp- ment meat where It waa certain that It would reduce labor hours per pr ton ha be hap bf been n a 1 factor fac fec- tor ton In the reduction of costs cOlte end and changes In fuel uses have also alo contributed largely In Jn ln Ba savings In material n time and costs Costa Ev tTy E ry plant activity from the ore on to the finished product has undergone the closest scrutiny and whether an economy has hn been bean possible or a better method feasible the company has hu effected the economy conomy and adopted the better method The result has been that we are on a sound basis bula and able abt In every ery way ay to take advantage of the turn of ot th the tho tide which It U appears to me ins Is hi now on Its way wy |