By — Paul Solman Paul Solman Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/making-sense/the-no-layoff-company-in-oh Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter The No-Layoff Company — in Ohio Making Sen$e Jul 13, 2011 2:47 PM EDT Editor’s Note: On Wednesday’s program, a look at an improbable Rust Belt success story. With a guaranteed no-layoff policy and average pay of almost $70,000 this year, Lincoln Electric is atypical of U.S. companies. We last visited the Cleveland, Ohio arc welding manufacturer nearly 20 years ago. It was 1992, and Jim Lehrer opened the segment by saying, “Finally, on this night when the U.S. unemployment rate was reported at an eight-year high, our business correspondent Paul Solman of WGBH in Boston looks at one company’s solution to dealing with recessions.” That eight-year high figure? 7.6 percent. Here in full is ‘$hare and $hare Alike.’ We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Paul Solman Paul Solman Paul Solman has been a correspondent for the PBS News Hour since 1985, mainly covering business and economics. @paulsolman
Editor’s Note: On Wednesday’s program, a look at an improbable Rust Belt success story. With a guaranteed no-layoff policy and average pay of almost $70,000 this year, Lincoln Electric is atypical of U.S. companies. We last visited the Cleveland, Ohio arc welding manufacturer nearly 20 years ago. It was 1992, and Jim Lehrer opened the segment by saying, “Finally, on this night when the U.S. unemployment rate was reported at an eight-year high, our business correspondent Paul Solman of WGBH in Boston looks at one company’s solution to dealing with recessions.” That eight-year high figure? 7.6 percent. Here in full is ‘$hare and $hare Alike.’ We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now