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COUNTY AT THE CROSSROADS / TOUGH DECISIONS, LIMITED CHOICES; County's road to insolvency?; Investigation shows dire talk is exaggerated, but Milwaukee County is running out of time, and options, to avert a major crisis
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On a bright spring morning, several dozen glum men and women filed
into a faded conference room on the zoo grounds to consider the
future of Milwaukee County, the $1.26 billion enterprise they manage.
Minutes after the all-day session began, Stephen Agostini, who had
called them together, uncorked the bad news: Milwaukee County
government might not have a future unless they reinvent it soon.
Thus began a drive to force gut-wrenching decisions that could
alter or end key programs...
Related newspaper, magazine, and journal articles from HighBeam Research
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PHILIPS GIVES DETAILS ABOUT ITS EURO 300 MILLION COST CUTTING PLAN.
Tech Europe
; The Dutch group Philips is to meet its Euro 300 million cost cutting target announced in mid-October through reduced spending, particularly in sponsorship and by centralising certain internal department it was revealed on November 23. The Finance, Human Resources and Computerisation departments
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TELEKOM AUSTRIA SHOWS 37% RISE IN ITS NINE-MONTH OPERATING PROFIT.
Tech Europe
; The Austrian telecommunications group Telekom Austria (TA) on November 21 announced a rise of 37% in its operating profit/ earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first nine months of 2001, at Euro 1.164 billion versus Euro 847 million for the corresponding
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MOBILE TELEPHONY ALLIANCE NEGOTIATION.
Tech Europe
; Volker Jung, a member of the Siemens Board of Directors, announced in an interview which appeared in the 21 November issue of the Financial Times Deutschland that his group was planning a mobile telephony alliance. According to Jung: To continue for the long haul without a partner is a possibility
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SIEMENS DIPS INTO THE RED BUT REMAINS OPTIMISTIC.
Tech Europe
; Siemens dipped into the red in the third quarter of its fiscal year 2000-2001, closing 30 September, but showed itself relatively optimistic for the current year, thereby bringing about a sharp rise in the price of the company's shares on the stock market. The German electro-technology group
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ONE2ONE TO ELIMINATE 900 JOBS IN THE UK.(Brief Article)
Tech Europe
; The British mobile phone operator One2One, a subsidiary of Deutsche Telekom, will eliminate 900 jobs in the UK by February 2002. On November 22, a company spokesman announced: We shall restructure our activities in order to go forward. We had a structure suited to strong growth activity, and the
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