Historical Newspapers of South Carolina

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I N F 0 R M A T10 N YOU NEED TO K N 0 ■ ■ ■ ■ CLINTON ESTABLISHES NEW RETIREMENT PLAN Effective September 1, 1991, Clinton has combined its Profit Sharing Retirement Plan, its Retirement Plan, and its Pension Plan into the Clinton Retirement Income Program. There were several reasons why the Company decided to combine these plans. New regulations from the Inter nal Revenue Service and U.S. Department of Labor re quire all retirement plans to have comparable benefits for all employees. While it was not necessary to com bine these plans to make benefits comparable, one plan for all employees makes sense. Another reason for combining these plans relates to the Profit Sharing Retirement Plan. The retirement benefits payable through the Profit Sharing Plan were at risk because of their investment with Executive Life In surance Company of California. Even though the Com pany has no legal obligation to assume this risk, it is will ing to do so because Profit Sharing Plan participants’ retirement income should not be in jeopardy. As most of you know, Clinton received unfavorable media coverage regarding the Executive Life situation. The newspaper reports were from unfounded and er roneous information supplied by U.S. Senator Howard Metzenbaum’s office. On July 16, 1991 we received from Senator Metzenbaum. might like to an official apology We thought you read it, so we have printed it below. Members of the championship Clinton Mills YMCA sponsored soft- ball team were from left to right, y?rs/ row: Christina Inman, Marissa Cunningham, Lynn Marshall, Jennifer Arsi and Kelly Gault; second row: Brandy Cannon, Maggie DeMott, Cate Coates, Kate Ramage, Misty Simmons, Sarah Morton and Stephanie Cox; third row: Coach Bryan Gault and Coach Cunningham. BAR CODED LABELING MAKES INVENTORY CONTROL MORE ACCURATE Joyce Turner places a bar coded label on a bale of fabric. The labels make accurate information available for use in inventory control, invoicing, and shipping. Clinton recently adopted a bar coded label which con- utins important information quickly and more accurate ly than previous methods. Previously, bales were stencilled with information re quired by customers, shippers, and carriers. The new bar code now has two lines containing the producer’s number and the package number. These codes are stored in a computer where they are available for in voicing, shipping, inventory use, and other purposes. “Bar coding of bale numbers reduces errors in record ing the numbers,” said Debbie Alexander, Manager of Customer Service. “With a bar code, the customer may use a special scanning device to read each package’s pro ducer and identifying number.” A similar system is used in raw materials warehous ing, where bale numbers are bar coded on the cotton tags and these numbers stored into the computer. When the bales are used, the bar code is scanned and the bale is removed from inventory, making the Com pany’s inventory system more efficient and accurate. A package locating system which uses bar coding also is being evaluated. ?n^ P£GGY Gl LHER c^ G roTV r BAILEY PLANT NAMED PREFERRED SUPPLIER Clinton Mills’ Bailey Plant has been named the prefer red supplier by one of its major customers. On a recent visit to Clinton, a member of the customer’s management staff told Bailey Plant manage ment and members of the Quality First team that his com pany purchases Bailey fabric for its “quality and delivery.” “The work you have done enables you to sell to us,” said the customer representative. “People on the floor make the quality, and we appreciate what Clinton peo ple do.” “Clinton has done an excellent job in providing fabrics in an acceptable package,” he added. “Your Cloth Room does a good job. There are no missing bale numbers, and data are recorded accurately.” This customer considers itself partners with Clinton, and challenges plant employees to make fabrics with as few defects as possible. “Just a tiny wrinkle can become a crease, and that’s something we must minimize.” he said. Josh Hamilton, Vice President of Operations, noted that “it is Clinton’s ultimate goal to be the preferred sup plier to the markets we serve.” He complimented the work of the Bailey Quality First team and others who have worked to reduce fabric defects and achieve recognition from our major customers. Clinton insurance specialist Truman Owens as well as Kathy Erickson, EFA, and Lucille White, Geneva, pro cess hundreds of insurance claims each week. The Com pany urges each employee to collect routine medical bills until $300 worth are incurred. Bills for covered prescrip tion drugs can be submitted when the $50 deductible has been satisfied. Owens noted that the Company’s medical costs con tinued to rise despite efforts to contain costs. BULK RATE U.S. Postage PAID Permit No. 293 Columbia, S. C. ^93^5