Word: plants
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Dates: during 1980-1989
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...easy to work up a sweat inside the frost-coated chambers of the Norcal vegetable-freezing plant in Watsonville, Calif. Even so, the company's 700 employees are perspiring heavily these days. The workers have stepped up their productivity 10% over the level of two years ago without any major improvement in the food-processing equipment at their disposal. Yet for all their labors, the workers are not getting more pay but less. Last March they accepted wage cuts of 17%, from $7.06 an hour to $5.85 for most packers. They had little choice: the new arrangement saved their jobs...
Whatever change is taking place, it seemed to be accelerating last week. Ford, which has manufactured cars in South Africa for 63 years, hopes to donate most of its holdings to its predominantly black work force. ITT sold off its small automobile-brake plant. Citicorp, the lone American bank left in South Africa, will sell its 29-year-old subsidiary to First National, the country's largest commercial bank...
...Massachusetts- based Mitchell Investment Management, more than 35% of the 106 U.S. ! subsidiaries sold in the past 17 months continue to sell their goods through licensing, distribution, franchising or trademark agreements. Firms can find the new way of doing business more profitable: running a subsidiary involves paying expenses for plant and equipment, while licensing arrangements do not. Some critics of apartheid, though, criticize companies for continuing to sell their products after divestiture. Says Marcy Murninghan, president of the social investment services division of Mitchell Investment: "Many of the American companies who said they were pulling out really weren't. These...
...charge came from Colonel Roberto Diaz Herrera, 49, a cousin of Torrijos who retired two weeks ago as second in command of the Defense Forces. According to Diaz, Noriega conspired with the Central Intelligence Agency and a high-ranking U.S. Army officer to plant a bomb aboard Torrijos' aircraft. Diaz identified the officer as General Wallace Nutting, retired commander of the Panama-based Southern Command, which directs U.S. military operations throughout Central and South America. Both the CIA and Nutting denied the charges...
...Soviets last week disclosed three names that may soon become widely known: Plant Director Viktor Bryukhanov, Chief Engineer N. Fomin and a deputy chief engineer identified only as Dyatlov. The names were virtually unaccompanied by biography except for the charge against them: "criminal negligence" in connection with the explosion last year that ripped apart Reactor No. 4 near the Ukrainian town of Chernobyl. Maximum penalty: 15 years in jail...