Two chosen for construction safety awards
BOSTON – Robert J. Carbone Jr. and John E. Peskovitz have been awarded, respectively, the Edward F. Eagan and Patrick Volpe Construction Safety Awards. Carbone, an electrician employed by Fischbach & Moore Electric in Boston, was recently appointed safety officer for the company. He has worked for Fischbach & Moore since 1993. He also serves as an instructor for the International Brotherhood of Electrical Workers, Local 103 Apprenticeship Training Center. The Eagan Safety Award was first conferred in 1998 after Eagan’s death. He had more than 20 years service with the Occupational Safety and Health Administration.
Peskovitz, vice president and director of safety and training for the Marr Companies in Boston, had more than 15 years experience in construction and industrial safety and health when he joined Marr in 1992. He is a founding member of the Construction Safety Alliance. The Volpe awards are conferred in honor of the former Safety Director for Volpe Construction and chairman of Bulletin 12, a former state committee charged with revising the Commonwealth’s occupational safety and health regulations.
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Labor-Management construction safety conference to open
RANDOLPH – The second annual New England region safety conference will be held October 3 through 5 at Lantana’s Conference Center here starting at 8 a.m. each day. Russell Bruce Swanson, director of construction for the Occupational Safety and Health Administration, will address the conference luncheon on October 4.
Patriot Ledger no longer for sale
QUINCY – James F. Plugh, publisher of the Patriot Ledger here, announced that the paper is no longer for sale. He attributed his decision to regaining his health and the rise in interest rates. Plugh had suffered a stroke several months ago. He said he has been given medical clearance recently and that rising interest rates had made it difficult for potential buyers to obtain financing. The company also publishes the Brockton Enterprise and a chain of South Shore weeklies. Announcement of Plugh’s change in plans was made in a notice to the newspaper’s employees.
Globe Manufacturing gets more time from lenders
FALL RIVER – Globe Manufacturing Corp. announced that its lenders had extended a forbearance agreement to the end of the year to permit the company to restructure its debt. Banks with which Globe has loans have to defer remedies for Globe’s noncompliance with terms of the lending agreements, the company said, while it decides how to restructure its debts. Globe, a manufacturer of Spandex material, employs 415 in Fall River and more than 300 in North Carolina and Alabama.
Butcher Co. employees share in sale benefits
MARLBORO – Charlie Butcher, who had run his family’s floor-care and cleaning products business since 1950 was often heard to credit the company’s employees with its success. When he decided to sell the company to Johnson Wax, a spin-off of S.C. Johnson & Sons of Racine, Wis., few expected him to share his good fortune. Recently he announced he would split the $18 million Johnson Wax had agreed to pay for the company with the employees at the rate of about $1.50 for every hour each of the 325 workers had spent with the company. For a 10-year worker that would be about $30,000. Astonished employees were reported to be planning to pay bills, make down payments on houses or cars. Some were reported to have called the company’s human resources department to arrange to pay off loans against their 401(k) retirement plans. The company was founded in 1880 by Butcher’s grandfather.
Polaroid says euro is hurting third-quarter results Cambridge, Mass.
(Bloomberg) — Polaroid Corp., the world’s largest instant-photography company, said unfavorable exchange rates are hurting third-quarter results and sales are in line with the company’s forecasts. The company wasn’t more specific about the impact of the euro on sales and profit. Polaroid is expected to earn 54 cents a share in the third quarter, according to analysts polled by First Call/Thomson Financial. It had profit from operations of $22 million, or 50 cents, on sales of $463 million in the year-earlier period. Polaroid is working to offset the unfavorable effect of the decline in the euro with cost savings, said Nancy Childs, a company spokeswoman. Eastman Kodak Co., the biggest photography company, said last week that third-quarter earnings will be below its previous forecasts because of lower-than-expected sales of film and digital products in September.
