Word: consortiums
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...route through the forest is being carved by 3,400 Gabonese workers and 400 expatriates. Drawn from 19 European construction companies and working for a consortium called Eurotrag, the expats are, for the most part, the kind of tattooed roustabouts who wander from job to job, now building dams in Iran, now forging roads through the Amazon. In Gabon, they live--some with families, some alone--in five camps near the work site. The bases have medical clinics, schools and swimming pools; fresh vegetables, meat and delicacies are flown...
Arguing that "Britain's future as a technologically advanced country" was at stake, Heseltine supported a bailout by a rival consortium of British, French, Italian and German firms that came up with a nearly identical offer. Thatcher, who is ideologically opposed to state intervention in private enterprise, insisted that the matter be left to Westland's board and shareholders. Now that he is out of the Cabinet, the dynamic, thick-maned Heseltine, 52, will probably remain a strident Thatcher critic, and, some Tories believe, could eventually challenge her for party leadership. SOUTH AFRICA A Blow for Black Unions...
...million last year. The company's board of directors favored a bailout bid by Sikorsky, a division of United Technologies Corp. of Hartford, Conn., in conjunction with Italy's Fiat. Heseltine, fearing an erosion of Britain's industrial competitiveness, had promoted a rival rescue plan through an all-European consortium that included British Aerospace (1985 sales: $3.6 billion). The Thatcher government professed to be neutral, but Heseltine and others charged the Prime Minister with favoring...
Heseltine embarrassed Thatcher two weeks ago by becoming the first British Minister since 1887 to resign by storming out of a Cabinet meeting. He followed that flamboyant gesture by charging Brittan with trying to pressure British Aerospace into pulling out of the European consortium. Brittan denied the claim, but conceded that he had warned British Aerospace that a decision against Sikorsky might be considered anti-American and could hurt the firm's U.S. sales, which account for about 12% of revenues...
Released two days later, the letter stated that Brittan had told British Aerospace's chief executive officer, Sir Raymond Lygo, that his company's involvement in the Euro-consortium "was not in the national interest" and that he "should withdraw." The account seemed to belie Thatcher's claim of neutrality. The government simultaneously released its own description of the Jan. 8 meeting. According to notes taken by Brittan's secretary, the Minister had said only that "it was not in the national interest that the present uncertainty involving Westland should drag...