Six nations back plans for European air-defence giant
Article Abstract:
Ministers from six countries, including France and the UK, made an important breakthrough in negotiations to create a single European aerospace company. They have agreed that the new group should be free from political control, and run on a commercial basis under a single management structure. The company could be quoted on the stock exchange and would be free to raise money on the markets. Major European aerospace companies, British Aerospace, Aerospatiale of France, Daimler-Benz of Germany, Casa of Spain, Alenia of Italy and Saab of Sweden aim to restructure to compete with US giants such as Lockeed Martin, Boeing and Raytheon, though the state-ownership of Aerospatiale was a stumbling-block in the negotiations. Meanwhile, the latest pan-European defence aerospace deal has been announced. UK company GEC-Marconi is to merge some of its defence electronics activities into a GB 1bn joint venture with Alenia Difesa, a subsidiary of the Italian company Finnmeccanica. The alliance covers land-based and naval radar, missiles, air traffic control systems, and command and control systems, as well as training and simulation equipment.
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Europe: Ministers from 6 countries make important breakthrough in negotiations to create single European aerospace co
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Companies 'not ready to deal with euro'
Article Abstract:
A survey conducted by Deutsche Bank and the consultancy company Towers Perrin, has revealed that 80% of multinational companies are predicting that the single currency will lead to a more common approach to remuneration throughout Europe. More than 50% of these companies believe that as a result pan-European pay agreements and levels will be implemented. The research reveals that companies have not taken into consideration the wider implications of the EMU. With the single currency due to be introduced in 1999 only 40% of companies have adopted a strategy for dealing with it. The majority of the effects will be upon payroll, benefit arrangements and pensions.
Comment:
Europe: Survey reveals that 80% of multinational cos predict that single currency will lead to more common approach to pay
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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