Word: shutdown
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Only one investor actually surfaced between March and last week's shutdown order: Peter Kalikow, a New York real estate executive. But Kalikow's terms were unacceptable to the British receivers. He wanted still more government financing over the next four years. Finally, the British set a deadline of 10 p.m. on Monday of last week. They now say that $17 million was the minimum amount needed to get the plant operating again...
LONDON_Leaders of Britain's National Union of Railwaymen (NUR) called off a day-old national rail strike yesterday after their stoppage brought transport chaos to London, already gripped by a week-old-subway shutdown...
...inventory problems are bigger than those of the U.S. auto industry. To produce a car or truck requires thousands of parts supplied by dozens of subcontractors scattered across the U.S. Running short of even one crucial component can force the shutdown of an entire assembly or production line at a plant. On the other hand, the costs of buildings and guards for equipment that is not needed can be staggering. For example, at Ford Motor Co., which lost $1.06 billion in 1981 on sales of $38.2 billion, every $1 worth of inventory costs the company an additional 260 a year...
Checker blamed the shutdown on the unwillingness of its union workers to grant wage concessions such as the United Auto Workers have given to the Big Three automakers...
...level of radioactivity outside did not rise appreciably, and within hours the reactor was safely heading toward a "cold shutdown." The plant could be closed for as little as three weeks or as long as three months. During that time, Rochester Gas and Electric will buy power from another company and pass the extra cost along to its customers; electricity bills are expected to rise $5 to $7 a month...