Der K ck/Cosmos-Kette wurde ein "Lifting" verpa t

Article Abstract:

Austria's second-biggest electrical and electronics retailer K ck/Cosmos, aims to recover within two years the Sch 160mn investments it made following the merger of Cosmos and K ck. The company has relaunched its 21 outlets after a facelift. The number of staff was reduced from 950 to 750, while another 70 are employed by K ck Service GmbH. The product range was extended with PCs, telecom equipment, new media, CDs and photo business. In the medium term these products should contribute 30% to turnover. The improved after-sales service also includes a customer hotline, a best-price guarantee, optional extended guarantee periods, equipment hire, and a company-owned repair shop. In cooperation with Easybank, K ck/Cosmos launched a customer card which, similar to MasterCard, can be used for payments worldwide. In the 1997/98 fiscal year K ck/Cosmos had a turnover of Sch 4.4bn, which is about half of that of the market leader Mediamarkt-Saturn. By the year 2000 K ck/Cosmos is to open new outlets at Salzburg Airportcenter and at Shopping City S d .

Comment:

Aims to recover within two years the Sch160 mil investments it made following the merger of Cosmos and K ck

Strategy & planning, Radio, TV, Music, Electronics Stores, K ck/Cosmos

---

VA Tech spannt weltweite Energieallianz

Article Abstract:

Austrian Energy (AE) of Vienna, a subsidiary of the VA Technologie AG (VA Tech) of Linz, is to become the member of a worldwide energy technology partnership by the end of 1998. VA Tech's director general Othmar P hringer says that AE, a supplier of equipment for thermal energy technology, is to contribute to the partnership about one-third of its annual turnover of Sch 6bn. The partnership will involve also VA Tech's interests in waste incineration plant and the pipeline interests of VA MCE . In return for these contributions VA Tech will get a stake in the partnership. AE is undergoing a restructuring programme which involves the loss of 120 jobs. It is suggested that the company's losses in 1998 will be in the three-digit million range. The energy engineering industry is hit by overcapacity and the fall of prices. The crisis in Asia has resulted in the postponement of orders worth Sch 2.5bn.

Comment:

Is to become member of worldwide energy technology partnership by end of 1998

Strategic alliances, Motor and Generator Manufacturing, Electric Power Generating Equip, Electric power plants, Austrian Energy

---

Similar abstracts:

• Abstracts: Perceptions of the media in three different cultures: the US, Australia & Taiwan. The outlook for 2000
• Abstracts: Reading, writing and enrichment. What the world is reading. Reading minds
• Abstracts: The flaws in the diamonds: celebrating the end of segregated baseball. Flawed diamonds
• Abstracts: Something new in mind. Something clunky out east: emerging multinationals
• Abstracts: Joint venture takes the biscuit. An innovative venture. US lawyer leads transatlantic venture

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.