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:: Thursday, January 26, 2006 ::
Lincoln Electric ties pay to production, avoids layoffs - CBC News
Lincoln Electric, the world leader in the design, development and manufacture of arc welding products and related systems with a global workforce of 7,000, has not laid off a worker in the U.S. since the 1930s.
Its Canadian factory, opened in Toronto in 1930, has laid off fewer than 20 employees since the 1940s.
The company is not unionized and its North American employees are paid through piecework, with earnings directly tied to individual and team production. Some earn over $100,000 a year, making them among the highest paid industrial workers in Canada.------------------------------------------- posted 6:25 AM :: reference link ::
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