Preussag leaves steel behind to become tourism titan

Article Abstract:

Today, Germany's Preussag AG, known since 1923 as a steel and mining company, is expected to release an impressive 1998 fiscal profit report that is due largely to its tourism operations. The company's tourism operations have grown over hte past two years, producing nearly half of the group's profits, which are estimated at 577 million marks or 30 marks per share.

Comment:

Due to Germany's Preussag AG's tourism trade, the co. will report an expected 1998 net profits of 577 million marks

Sales, profits & dividends, Organizational history, Management, Preussag AG

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GPC Biotech AG

Article Abstract:

GPC Biotech AG announced that it will downsize its labor force by 42 positions. This represents 21% of the company's work force. GPC is attempting to infuse more cash into the production of its own drugs.

Strategy & planning, Personnel administration, Biotechnology industry, Biotechnology industries, Company personnel management, Company business planning, Layoff, GPC Biotech AG

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Thomas Cook will pare 10% of work force

Article Abstract:

Thomas Cook AG will layoff approximately 2,600 employees from its workforce. The planned layoffs amount to about 10% of the company's workforce.

Labor force information, Thomas Cook AG

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