Profit Benefits Everyone

Grede Foundries, Inc. was built and has grown in a competitive free market atmosphere. The opportunity for profit motivates people to do a better job and produce a better product at a lower cost so that more can be sold. Better, lower priced, and more products increase job opportunities and have produced the highest standards of living in the world. Profit is the means through which plants, equipment and tools are provided. Without profit our jobs and growth opportunities will vanish.

Individualism And Recognition Of Merit

Grede Foundries is people. Our Company has consistently recognized the sanctity of individual personality and of our moral responsibility to do our jobs well and thereby reap the benefits of our efforts - a philosophy of individualism rather than the restrictive collective philosophy that mistakenly depends on control by government or any other organization.

This recognition of individualism has fostered the growth of our business. More and more people enter our employment and stay with us for their full career. They find at Grede an opportunity to do their best, and this always develops for them the best reward. This they do as individuals, without regard to their creed, color, national origin, or affiliation with any labor union. People are significant only as individuals, and advancement is related to merit, skill, and application. Merit must control and there can be no personal favoritism or prejudice.

Security In Performance

Grede Foundries is constantly seeking new markets and better ways to do each job. New ideas, many original with our Company, have resulted in more effective service to our customers and have stimulated the team spirit of our people. Our future security lies in the jobs and profit resulting from serving an expanding list of customers. This requires the diligent application of all of us to our jobs and our responsibilities. Only customers, not labor unions or government, can provide this job security. Since its inception in 1920, Grede Foundries has voluntarily developed group insurance, pension, vacation, and other programs. Incentive compensation at Grede Foundries stimulates and rewards people in relation to their performance. The earnings of our people and our total employment have continued to grow under these policies.

Community Responsibility

The management and stockholders recognize the values that accrue to the Company and to its profit making potential in helping develop a community in which it is desirable to live and work. Growth for civic responsibility as well as promotion and advancement within the Company is our aim. Much of our time, effort, and money is spent to help provide opportunities for education, character building, and growth in individual responsibility. All this helps maintain the freedom of the competitive market for the benefit of all.

Be Fair, Be Firm, And Smile

Every organization of human beings has day to day problems. Grede Foundries is no exception. Solutions, however, lie not in the division and interruption that results from having a labor union to amplify and intensify the problems, but rather through the sincere effort of all of us to solve them in an atmosphere of open communication and understanding. Integrity, honesty, hard work, and a ready smile reflecting joy in accomplishment have produced both personal and material growth and well-being and form the keystone of our employee and customer relations.

These are the guiding principles underlying our Company policy — foundations for personal and Company growth. We are keen competitors, always striving to improve quality, reduce costs, and render better service so that we can sell more and thereby create more profit and more jobs so all may prosper together.

Wm. J. Grede, Founder
1897-1989

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