Pirelli: route to success
Article Abstract:
The article is about Pirelli SpA.'s Internet strategy that is seen as one of the best in Italy. The company plans to invest roughly two trillion lire (Euro1.03 billion) into a three-year attempt to revamp various activities, including purchasing and finished-product sales. The project involves both cables and tires, but it will focus on tires especially, because of competitive pressure in that sector.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Pirelli announces factory closures and job losses
Article Abstract:
Pirelli SpA posted a decline of 12% in its net profits for the first-half of 1999. The company also said that it was going to downsize approximately 2,800 jobs around the world. The downsizing is part of the company's attempts to reduce costs. Pirelli has been hurt by dropping prices and other problems in the Brazilian market. The company is also planning to shutdown some production facilities.
Comment:
To downsize approximately 2,800 jobs around the world
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Pirelli's net profit increased by 4.3% to $297 million in '98
Article Abstract:
Pirelli SpA posted a 4.3% improvement in its net profits for the 1998 year. The company's consolidated net profits reached 534 billion Italian lire ($297 million) in 1998. In 1997, Pirelli reported 512 billion lire in net profits. The tire and cable manufacturer's consolidated sales declined by 5.8% to 10.62 trillion lire. In 1997, Pirelli posted 11.27 trillion lire in sales.
Comment:
Posts 4.3% improvement in net profits for 1998
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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