Word: schlieker
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...wonder boys" thrown up by Germany's postwar economic miracle, none rose faster or higher than jowly Willy Schlieker (rhymes with bleaker), 48. Born in the slums of Hamburg, Schlieker started out as a clerk in a law court, at 28 was chief of wartime steel allocation for the Nazi government. After the war, capitalizing on his Ruhr contacts, Schlieker built up a steelmaking, shipbuilding and trading empire that last year grossed $200 million. Last week, two months after he had been featured on TV as one of Germany's richest men, the bottom fell out for Willy...
...astonishment of all West Germany, the Willy H. Schlieker KG company, which embraces four of Schlieker's 23 firms and operates his highly automated Hamburg shipyard, admitted that it could not raise the cash to meet $3,500,0001n debts due at the end of July. The firm appealed to a Hamburg court for a form of temporary receivership aimed at avoiding bankruptcy. In part, Schlieker's difficulties simply reflected the troubled state of the whole German shipbuilding industry, which is increasingly hard pressed by competition from state-aided shipyards in other countries. But Schlieker's real...
...spanking new industrial base that rivals the U.S.'s in some respects, excels it in others. At Italy's forward-driving Fiat, computers design engine parts and direct machine tools; Fiat intends to double daily auto production within three years. At Hamburg's Willy Schlieker shipyards, a slender beam of light moves along the lines of a blueprint and automatically directs acetylene torches that slice through thick slabs of steel like butter. And the Europeans are spending freely for more automation. The Common Market Six are plowing back an average 15% of their gross national products into...
...government insistence, they get all the benefits that German workers do, including wages that start at a legal minimum of 65? an hour. But one West German recruiting scheme hit a snag last week. Badly in need of trained labor for his Hamburg shipyards, German Tycoon Willy Schlieker wants to hire up to 500 Scottish shipyard workers who have been threatened with layoffs or slow business at home. But despite his willingness to import a British cook along with them, Schlieker has not been able to get even an advance party of 60 Scots. British newspapers and trade unions argue...
McLean's solution is to play both ends against the middle. Schlieker will build only the midsections, which can then be towed across the Atlantic and enter the U.S. as "fabricated steel.'' McLean turns them into ships by simply buying old T-2 war-surplus tankers, hiring U.S. yards to graft the bows and sterns onto his German midsections, thus qualifying as "built in America." Total cost: less than $5,000,000 a vessel, a saving of 50% to 65%. So simple is the idea that other U.S. firms (e.g., American Ship Building) have ordered the midsections...