Word: nevins
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...slashed its payroll from 107,000 workers to 55,000. Yet the tiremaker's financial comeback remains around the corner. During fiscal 1986, which ended in October, Firestone posted $3.5 billion in sales but managed to earn only $3 million from its continuing operations. The company's chairman, John Nevin, admits that restructuring has ( an element of trial and error. Says he: "Have we done some things wrong? You bet your life...
...When Nevin arrived at the company in late 1979 from the chairman's job at Zenith, Akron-based Firestone was reeling under more than $1 billion in debt and an image problem in its most basic business. The company had been forced to recall some 9 million of its 500-model steel-belted radial tires because of alleged widespread defects. Nevin's strategy was to return Firestone's focus to tiremaking by spinning off distracting subsidiaries. He sold eleven businesses that manufactured dozens of items, from seat belts to beer kegs. Such products now constitute only 9% of the company...
...third since 1979, and its position in the worldwide business has fallen from No. 2 to No. 3. Firestone can only hope that as the first to slim down, it may also be the first to enjoy fully the benefits of greater efficiency and lower costs. Says Nevin: "The pruning we've done is pretty severe, but this company is beginning to grow again...
...prize in a bitter contest between Lila (Robyn Nevin) and Vanessa (Wendy Hughes) two of the four sisters who remain after the death of Sinden. PS's mother Lila and her working class husband George have been raising PS in a run-down area of Sydney for six years when glittery, pertained Vanessa arrives on a ship from England eager to sweep him up and make a proper English gentleman of him Lila and George cannot fight her because she is moneyed and can offer the child far more than they. The compromise they work out-that PS will live...
Though the rest of the script is occasionally stilted, leaving all the adults somewhat caricatured, the generally fine acting overshadows minor flaws Robyn Nevin, in particular, is a strong willed and loving Lila, who will not let her family be destroyed by poverty or by Vanessa...