Historical Newspapers of South Carolina

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( CLINTON MILLS January 1984 A Look Backward And i J Now that 1984 is upon us, we hope that your holiday season was an enjoyable time of family gatherings, Christmas merriment and celebration for the arrival of the New Year. This is also a time when we can be thankful for our health, our families and friends and our jobs in the textile industry at Clinton Mills Inc. Just as we look back on the adversities that we have faced and overcome in 1983, we now look forward to better times for Clinton Mills Inc. and our industry in 1984. At this time I am happy to tell you that this New Year has the prospects to be one of the brightest and most prosperous in recent history for the American textile industry. There are many reasons for us to be optimistic. As we evaluate our achievements of the past year, we can all be extremely proud of the success of the Clinton Mills Inr Safptv p mo. ram during 1983. We congratulate each employee who has been mindful of the importance of working safely throughout the year and who has helped to achieve the best record in safety that the six spinning and weaving plants of Clinton Mills Inc. have ever recorded. Geneva No. 1 and the Bailey Plant recorded no lost time accidents in 1983. Geneva Plants' Manager, Ralph Jones and . Bailey Plant Manager, Gregg Link and their staff and employees have worked deligently to achieve an enviable safety record. Employees in the six weaving plants have achieved a significant reduction in medical accidents, lost time accidents and the costs associated with them. Scholarship Forms Accepted Application forms for the 1984 M.S. Bailey Memorial College Scholarships and Loans are now available. Employees who have a son or daughter who is a graduating senior can obtain applicable scholarship and loan application forms from Mack Parsons in the Main Office. . Geneva employees can get forms from Personnel Director Bob Dettmar. The deadline for filing applications is April 16. 1984. Profit Sharing IVCWUIUd V7IUWII1 Eligible Clinton Mills Profit Sharing participants shared in $595,241.50 in fund earnings for 1983. Participants' individual accounts are safe and will continue to draw interest as long as participants are in the plan. The current value of the Clinton Mills Profit Sharing Trust Fund is $5,653,349.03. The Profit Sharing Retirement Plan was established in 1966 and has provided a source of retirement income and security for many eligible employees. I A Look At During the past several years we have seen many changes take place at Clinton Mills Inc., for machinery modernization programs seem to be a way of life in the textile industry of today. These large capital investments at the Geneva No. 1 and No. 2 Plants, the Clinton No. 1, Clinton No. 2 and Lydia Plants, and now the Bailey Plant provide the newest and most technologically advanced equipment available for spinning yarn and weaving fabrics. These investments in new equipment and new methods of textile technology are a sign of confidence in the future of the American textile industry and confidence in the stability and long range prosperity for Clinton Mills Inc For those employees involved in the modernization programs who may be temporarily inconvenienced by the moving of machinery or rearrangement of working hours, we ask your understanding and cooperation until the changes are completed. Many of the Bailey Plant employees will be experiencing these changes throughout the year and your assistant departmental superintendent has been requested to keep you advised regarding the progress of the equipment and job rearrangements. The employees in Clinton will be interested in knowing that the new five-shift continuous operating schedule has been well received by the employees of the Geneva. Alabama plants. This additional production from the seven-day weekly operations is important to the continued growth of Clinton Mills Inc. during the recovery of the American economy in 1984 Educational Thirty-two educational institutions in ten states received a combined total of $33,513.06 contributions from the Bailey Foundation during the past year under the provisions of the Matching Gifts Program for Clinton Mills and M.S. Bailey Bank employees. There were 53 employees at five locations contributing from $ 10 to $2,000 to educational institutions. The Matching Gifts to Education Program is designed to encourage Clinton Mills, Inc., it's subsidiaries and affiliated corporations' employees and directors to give personal financial support to educaI fiftnal 4U -' ~ iiunai Hioniumuiis ui meir tnoice wnicn meet the eligibility requirements. Such gifts, in amounts of $10 to $2,000 per year will be matched. Qualifying gifts up to $50 are matched two for one, and ' other qualifying gifts are matched dollar for dollar. An employee, at the time of his or her contribution, must be in the active regular employment of the Company, or retired under one of the company's retirement plans, and shall have had at least one year of continuous service in such LOTHM, By and Fi lead for' Another reason for optimism in the New icai is me iclciu dnnouncemeni OT the lowest jobless rate recorded in the textile industry in the last 3 '/? years. The Southern Textile News tells us that seven per cent unemployment was reported for November 1983 as compared to 12 Vs percent unemployment in November 1982. Textile wage increases have recently been made and the industry that has faced such troubled times in recent years is beginning to show signs of renewed vitality. One of the most recent signs that the textile industry should have a prosperous 1984 is President Ronald Reagan's decision to support the American textile industry's demands to place tighter controls on foreign imports of fabrics and apparel. Hopefully, the Pre^idpnt'Q artmn uuill "flood" of goods coming in from overseas and reduce the overwhelming growth rate of imported textiles. The opposition to these imports demonstrated by our industry's "Crafted with Pride in the USA" program in 1983 has helped get the message to our Congressmen and Senators in Washington who were most helpful in persuading the President to implement these tighter restrictions on imports. The strength and spirit demonstrated by our industry in this import battle is good news for the future. All employees of Clinton Mills Inc. can be proud of the great heritage of success in manufacturing superior quality fabrics that has been achieved since the founding of the company in i?yt>. As we enter 1984. let us Institutions Re employment. A qualified educational institution must be a non-profit and non-proprietary two or four-year recognized national or regional accrediting agency, or a non-tax supported secondary school, and be located within the continental United States and recognized by the United States Treasury Department as an organization to which contributions are deductible by the donors for federal income tax purposes. A contribution is one which is the personal gift of an employee, actuallv Daid by the employee, and not merely pledged to a qualifying educational institution. An eligible employee may make a contribution to more than one qualifying educational institution. The total amount of the matching contributions to institutions shall not exceed $2,000 per qualifying individual during one calendar year during which the plan operates. The Foundation's annual contribution under this program will match a personal contribution in amount of $ 10 or more of any individual employee, but shall not exceed $2,000 in any one calendar year. Under the Matching Gifts Program wm or Employees of Clinton Mills IAA A iao4 B 1H * Pf- *4 _ wA George H. Cornelson look forward with optimism and determination to the new opportunities that we have to carry out our responsibilities to the best of our abilities. With this spirit of personal pride and achievement in our work, together we will have a most prosperous and Happy New Year! ?/ President. Clinton Mills, Inc. ? 1 ceive Funds there shall be no restrictionson the use of the Individual or Foundation contributions by the recipient institutions. In order to qualify under this program, the employees' contributions may be in form of cash, or securities having a quoted market value, and paid directly to the qualified institution. Among those receiving matching gifts were: Carson Newman College. Alexander-Tharpe Fund Inc., Anderson College. Christ School. Columbia College, Clemson University. Converse College. Davidson College. Erskine College. Episcopal High School. Furman University. Foxcroft School, Georgia Tech, The Hill School and Mid West Christian College A ! ?. KI 1 ^ ' m:>u inewuerry uonege, IN.U. btaie, Faith Christian Secondary School, Presbyterian College, Queens College. Seton Hall University, Saint Angela Academy, Saint Joseph's University, The Spartanburg Day School, Spartanburg Methodist College, University of S C., Va. Tech Foundation, Limestone College, Montreat Anderson College. Winthrop College. Wofford College and Xavier High School.