Word: eisenhuttenstadt
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...HEYDAY, THE VAST EKO STAHL steelworks was the life-force of Eisenhuttenstadt, a utopian socialist city of 50,000 southeast of Berlin and the pride of the German Democratic Republic. Today the complex of six factories is a hulk dominated by a single operating blast furnace. It glows over an industrial wasteland near the Polish border where thousands have lost their jobs. Since unification, Eko Stahl has cut 85% of its eastern German work force as it closed or restructured its inefficient and overstaffed - plants. The number at Eisenhuttenstadt has shrunk from 12,000 to 3,500, and the remaining...
Critics consider that to be throwing good money after bad. The proposal to revitalize Eisenhuttenstadt has run into stiff opposition from the western German steel industry, the European Commission in Brussels, and E.C. countries, which must unanimously approve new state subsidies -- at a time when Europe's steel industry as a whole is awash in excess capacity and red ink. Italy wants to salvage 2,000 of 5,800 imperiled jobs at Taranto, in the impoverished Mezzogiorno, while Spain is struggling to cushion the blow in the politically troubled Basque region, where 9,700 steelworkers are targeted for dismissal...
...million-ton-capacity cut at Ansio, provided that Madrid found private financing for a new 1 million-ton mill in the Basque town of Sestao, which the government had earlier planned to build itself. Just before last week's meeting, Commission officials approved a plan to sell Eisenhuttenstadt to Italian steelmaker Riva and save existing jobs, if Bonn scaled back its original $650 million subsidy proposal for upgrading. Because that plan would feature a new 900,000-ton hot rolling mill, the Commission wrung nearly 500,000 tons of compensating capacity out of plants elsewhere in eastern Germany...
...asylum. Last year 700,000 of them applied to West European countries for asylum -- 438,000 in Germany alone. "I risked my life to get here," says Anton Lupu, a 33-year-old Romanian painter who made it across the border from Poland and has applied for asylum in Eisenhuttenstadt, Germany. "We didn't come to steal, only to work respectably. The difference between Germany and Romania is the difference between heaven and earth...
| 1 |