Daimler in AEG headache

Article Abstract:

Daimler-Benz has reassured employees at the company's subsidiary, AEG, that reports of 100,000 job losses at AEG are premature. There will already be 8,000 jobs shed from Dasa, the group's aerospace division, which will involve costs that will lead to losses for 1995. Further job losses would lead to further losses in 1996. Daimler argues that it aims to sell the industrial automation and power engineering activities of AEG, but does not plan further shrinkages.

Electrical Engineers, Metalworking Machinery, Machine Tools, Metalworking Machinery Manufacturing, Human resource management, Daimler-Benz AG, AEG AG

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WS Atkins: engineering growth

Article Abstract:

W.S. Atkins is a UK engineering concern which plans a share issue. The company was set up in 1938 and has increased staff numbers threefold to 7,000 in the five years to 1996 while profits are up by 100% at 18.3 million pounds. The company has grown through acquisitions such as the Property Services Agency which has performed well. Some 40% of the share issue will be placed using institutions. Each share is likely to be valued at 2 pounds sterling.

W.S. Atkins and Associates

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Bodycote

Article Abstract:

UK heat treatment and metallurgical group Bodycote International is suffering from downturns in its main markets, and its shares are rated as a 'sell'. A particular problem is Bodycote's big exposure to the US market

Metal heat treating, Heat Treating, Heat treating (Metalworking), Bodycote International PLC

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