Morton Salt is the largest employer on Inagua and produces an average of one million tons of salt annually. The salt is exported worldwide, particularly to markets in Europe, Canada and the United States. Morton is also the first company to produce table salt with iodine, an ingredient that has been proven to help prevent goiters. In August 2008, the employees took industrial action and called a strike in support of one of the workers, a master electrician and vice-president of The Bahamas Industrial Manufacturers and Allied Workers Union, who was sacked from the company for allegedly illegally restoring electricity to a residence on the island. Fearing an uproar in the community, Morton's management requested the assistance of the Strike Force Unit. This is not the first time in recent history that Morton has called in reinforcements to the site. In July of last year, the company took similar action when it informed its 100-plus employees that layoffs were scheduled to take place. This recent move by the employees comes weeks after 99 percent of them voted in favour of striking against the company. Morton Salt was unable to ascertain how much money had been lost as a result of the industrial action.
Morton Salt is the largest employer on Inagua and produces an average of one million tons of salt annually. The salt is exported worldwide, particularly to markets in Europe, Canada and the United States. Morton is also the first company to produce table salt with iodine, an ingredient that has been proven to help prevent goiters. In August 2008, the employees took industrial action and called a strike in support of one of the workers, a master electrician and vice-president of The Bahamas Industrial Manufacturers and Allied Workers Union, who was sacked from the company for allegedly illegally restoring electricity to a residence on the island. Fearing an uproar in the community, Morton's management requested the assistance of the Strike Force Unit. This is not the first time in recent history that Morton has called in reinforcements to the site. In July of last year, the company took similar action when it informed its 100-plus employees that layoffs were scheduled to take place. This recent move by the employees comes weeks after 99 percent of them voted in favour of striking against the company. Morton Salt was unable to ascertain how much money had been lost as a result of the industrial action.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter7: Production Economics
Section: Chapter Questions
Problem 11E
Related questions
Question
What type of market structure does Morton salt company opporate
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning