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ABB starts to emphasize tech focus

Article Abstract:

ABB Ltd. named Markus Bayegan, its top research scientist, to its executive committee as proof of the company's shift from the old school of engineering to high technology.

Engineering Services, Management development, Engineering & Architectural Svcs, Engineering & Architectural Services, Construction industry, Brief Article, Bayegan, Markus

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ABB's Lindahl will step down as president

Article Abstract:

Goren Lindahl, the president of ABB Ltd., will resign from his post after four years in the position. Lindahl will resign at the end of 2000.

Diversified Companies, Executive changes & profiles, Lindahl, Goren

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Michelin unveils plan to reduce jobs amid improved results for its first half

Article Abstract:

Michelin SA introduced a restructuring plan for its operations in Europe. The plan will lead to the downsizing of up to 7,500 jobs. The company posted a 17% improvement in its net profits for the first-half of 1999. Michelin's restructuring plan was made to counter stronger European competition. The company posted 292 million euros in net profits for the first half ending on June 30, 1999.

Comment:

Introduces restructuring plan for operations in Europe; posts 17% rise in 1999 first-half net profits

Strategy & planning, Sales, profits & dividends, Tires, Tire Manufacturing (except Retreading), Planning, Abstract, Tire industry, Michelin S.A.

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