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Dolores in the doldrums

Article Abstract:

Daimler-Benz has been affected by a rise in the value of the German mark in relation to the US dollar. Daimler-Benz Aerospace (Dasa) faces a rise in costs which are mostly in German marks, while sales are in US dollars. There will be some 8,800 jobs shed in Germany as part of a restructuring which should bring Dasa to profit for 1997. Dasa's work force will be reduced to 40,000 compared with 49,000 by year-end 1997, excluding additional losses at Fokker.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995

Daimler-Benz AG, Aerospace industry, Aircraft, DaimlerChrysler Aerospace AG

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BAE Systems

Article Abstract:

BAE Systems has issued a profit warning, though should benefit from military orders over the long term.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001

Military Aircraft, Defense industry, BAE Systems

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Subjects list: Management

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