Mack CEO resignsRalph E. Reins will resign as chairman...

BUSINESS BRIEFLY

October 17, 1990|By From Staff Reports

Mack CEO resigns

Ralph E. Reins will resign as chairman, president and chief executive officer of Mack Trucks Inc., a company spokesman said yesterday.

Mr. Reins, 50, has accepted a position as president of the automotive group at United Technologies Corp. of Hartford, Conn., said James Santanasto, a spokesman for Mack. UTA said Mr. Reins will take his new job Oct. 29.

Mr. Reins will be replaced at Allentown, Pa.-based Mack, which has a power-train plant in Hagerstown, by an executive from Renault Vehicules Industriels, according to Bob Nuss, owner of Rochester Mack in Rochester, Minn., and chairman of the council that includes 200 Mack dealers.

Northwest raises fares

Northwest Airlines said yesterday that it will raise fares 5.8 percent on tickets purchased on or after Oct. 31.

"The price increase is designed to further combat higher operating costs resulting from fuel prices that have more than doubled since Iraq invaded Kuwait Aug. 2," the airline said.

Northwest, the nation's fourth-largest carrier, and other airlines already have raised fares 9.5 percent in two steps since late August, Northwest officials said.

Since the start of the Middle East crisis, the spot price for jet fuel has jumped from about 57 cents a gallon to $1.42 a gallon, according to Aviation Daily.

OPEC won't curb prices

OPEC, the world's largest oil-producing bloc, said yesterday that it could do nothing to rein in soaring oil prices and that it was up to industrial countries to help.

"Today it is clear OPEC has no means to influence prices . . . and no intention to use any kind of pressure on anybody," OPEC President Sadek Boussena said.

Mr. Boussena made his comments after taking part in a private energy conference in Jakarta, Indonesia, attended by Organization of Petroleum Exporting Countries ministers from Indonesia, Nigeria and Venezuela, and the oil-production cartel's secretary-general.

Flight attendants' pact

USAir flight attendants, represented by the Association of Flight Attendants, announced yesterday a tentative agreement with the company on a new contract. The new agreement was reached Friday, after more than a year of negotiations.

Details of the tentative 18-month contract are being withheld pending ratification by the membership.

Rockville firm acquired

Telesphere Communications Inc., Oakbrook Terrace, Ill., operator of a digital fiber optic network, said yesterday it has completed the acquisition of National Telephone Services Inc., a Rockville regional telephone company, for $45 million.

Part-timer troubles

A growing force of low-paid, part-time workers, many of whom would rather be working full-time, is harming the economy with diminished productivity and employee job commitment, a private study issued yesterday said.

The 19 million part-time workers, who account for nearly one-fiftof the nation's work force, earn only 60 percent of the hourly wages of full-time workers and are far less likely to receive benefits such as health insurance, the study said.

The size of the part-time work force ebbs and grows with the economy, but it had gone up to 18 percent of the total labor force by 1988 from 13 percent in 1957, according to the study by the Washington-based Economic Policy Institute, a liberal research group.

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