Glorious chapter of aviation history closes at Hatfield; grim tidings cast a cloud over town

Article Abstract:

British Aerospace is to close its Hatfield, Hertfordshire, England plant where the Comet, the Mosquito and the Trident were developed. The company started in 1934 as de Havilland Aircraft and merged with the Hawker Siddeley Group in 1959. In 1978 the aircraft industry was nationalised and BAe began. Hatfield is synonymous with the aviation industry and British Aerospace employed 2,000 staff. It was the largest employer in the town, with 20% of houses owned by BAe staff.

Product development, Mergers, acquisitions and divestments, Unemployment, Aircraft industry, Airplanes, Hertfordshire, England, BAE Systems (Farnborough, United Kingdom)

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A test of mettle as Ravenscraig closes

Article Abstract:

British Steel is closing its Ravenscraig plant and further rationalisation may be necessary as steel consumption looks to fall by up to 6% in 1992. The closure of the plant will help make British Steel be more competitive in Europe since its home market for finished steel dropped 9% in 1990-91. Further closures at plants along England's east coast look possible as there are still twice as many steel suppliers worldwide as the market can stand.

Production management, Economic aspects, Scotland, Steel industry, British Steel PLC

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Join the board and double your money

Article Abstract:

Many UK company executives could see a doubling of the value of their salary package under the new long-term incentive plans introduced to meet the terms of the Greenbury regulations on directors' pay. This development is causing concern among institutional investors and shareholders. It has been found that the new long-term incentive plans set undemanding financial targets for executives and are often very complicated.

Compensation and benefits, Executives, Executive compensation

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