Word: tungsram
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...Buys Tungsram, a lighting maker, from Hungarian government. Sells aerospace business (except jet engines). Sells Kidder, Peabody...
...Eastern Europe last year was just the beginning. Now comes a rush of new business ventures that will open the region to the rest of the world and change the way East Europeans work, play and shop. In Hungary, General Electric paid $150 million last January for control of Tungsram, one of the world's largest light-bulb makers. GE plans to light up Europe by selling the bulbs across the Continent. In Poland, Italian automaker Fiat, in partnership with a Polish company, plans to build 1.5 million subcompacts during the next ten years. In East Germany, Coca-Cola...
...Western customers in mind when it acquired a majority stake in Tungsram in the largest direct investment in Eastern Europe since World War II. The transaction gave GE control of a respected 100-year-old company that last year exported nearly two-thirds of its output, or $180 million worth of bulbs, to West European countries, which pay in hard currency. The deal boosts GE's meager 1% share of Western Europe's lighting market to 9%. That share could prove particularly valuable if the European Community decides to impose quotas on non-Community products after it becomes economically unified...
...prayer or a good cry. Sometimes, too, they ask for help in finding a decent job, and help is always forthcoming. In a dilapidated garret in the suburb of Aubervilliers live Andree, Juliette and Colette-each 24, each working in a factory. Colette- and Juliette work in the nearby Tungsram plant, Andree in the Citroen factory 'in Asnieres. Despite her training years in factory work, Andree's hands are red and swollen from the steel particles thrown off by the cutting tools in the big machine shop where she works with 300 other women...
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