Word: bilbao
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...legal state just this side of actual bankruptcy that defers debt payments and allows a company to lay off help (otherwise forbidden by law). In a land where newspapers print no unpleasant news, word spread that the big (3,000 employees) Euskalduna shipyard and the Basconia steel mill in Bilbao were also about to lay off their work forces, and so was Madrid's leading steel company...
...soften the blow a bit, the government offered a special rate of 57 pesetas to the dollar compared to the official rate of 42. But Franco seemed to be playing no favorites. Among those caught were such men as the powerful Conde de Arteche, chairman of the Banco de Bilbao, and Juan March, one of the world's richest men. Also involved were Franco-sponsored organizations, such as the giant Institute Nacional de Industria, which controls everything from airlines to steel mills...
...Complain."In the 65 years since her birth in Bilbao, Spain, of Hungarian parents, short, snub-nosed Queen Mimi had seen great changes come over her people. "Once the gypsies were horse traders," she explained to reporters from her deathbed last week. "Progress has compelled them to deal in used autos. But one can't complain." From stateless, fortunetelling wanderers, the Cuirara tribe became prosperous, passport-carrying salesmen, who drive in style up and down Europe in search of fresh markets for their cars. Only two months ago, Queen Mimi and an entourage...
...prepared for new labor trouble this fall, at the end of vacation season. Snapped Lieut. General Alonso Vega, boss of all Spanish police: "The sooner the better." Last week the trouble came, and Dictator Franco and his police were ready for it. In the ever-restless industrial center of Bilbao, scene of labor disturbances 16 months ago, 2,800 Basque workers at Spain's major shipyard began a sitdown strike for more pay. On orders from Madrid, the shipyard raised the price of meals in the company lunchroom to make their stayin more costly. Then Franco's civil...
...three tense days, management all along Bilbao's dirty Nervion River industrial complex waited to see whether, as a result of these harsh moves, the unrest would spread. But the workers were unorganized and without strike funds. On the fourth day the shipyard posted a notice: "As of today, job applications will be considered." Berets in hand, the Basques meekly filed over the long concrete overpass that carried them from their grimy slum homes across the railroad tracks and into the shipyard again. Without yielding an inch, Franco had won, at least for now-even though the inflation...