Word: sectored
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...investor Wilbur Ross. His International Steel Group (ISG) recently completed its third major acquisition in two years, buying most of the assets of bankrupt Bethlehem Steel. Ross warns of more wage pressure ahead: "If we don't reform our labor system very soon, we won't have a manufacturing sector to worry about." He is taking aim at work rules that prevent union steelworkers from performing as efficiently as foreign competitors or nonunion rivals at U.S. mini-mills...
...under-capitalized handicraft businesses will invest in vocational training, thus endangering the future of the crafts tradition itself. And Heinz Putzhammer, a DGB board member, thinks ditching the Meisterbrief may be poor marketing. Putzhammer says the Meisterbrief is "indispensable as a recognized seal of quality of the German handicraft sector." Clement is unfazed. Although he admits that the current economic climate won't encourage handicraft start-ups in the near future, Clement's aide Rezzo Schlauch, the Economics Ministry state secretary, says the reform is "intended to have a medium- and long-term effect" and will be bolstered...
...billion in 2000, according to World Semiconductor Trade Statistics (WSTS), and slipped to $141 billion last year. More than 100 chip manufacturing plants, called FABS, shut down as global demand evaporated. It has been a long cold lonely winter, but finally there are signs that the semiconductor sector may be warming up again soon. Though wary of uncertainties, companies are cautiously talking about a recovery. "The companies that are big enough and investing in research and development will continue to improve productivity, and the others will disappear," says Peter Bauer, Infineon board member in charge of sales and marketing. Analyst...
...such numbers make other analysts salivate, because they hint that the embattled tech sector may finally be coming out of the doldrums. "Semiconductors are the feed for the rest of the technology industry, at least for hardware," says Steve Cullen, director of semiconductor research at In-Stat/MDR, a Scottsdale, Arizona-based technology research group. Indeed, some tech heavyweights are coming out of the closet to say that the worst is over. Executives of Intel, the world's biggest chipmaker, demonstrated guarded optimism about a tech rebound. "The thing we are really waiting for is an enterprise commitment to upgrade...
...managing the post-Saddam scenario had proved woefully inadequate. The freeing up by the UN of some Iraqi oil revenues will certainly help the new U.S. administrator finance urgent reconstruction projects and pay the salaries of some of the millions of Iraqis who previously worked in the public sector. And he hopes that stepped up patrolling by coalition forces - and, particularly, the addition of some 4,000 military police personnel and a large contingent of British troops more experienced in peacekeeping roles - will help stabilize the situation. He has also committed to a program of disarming Iraqis, although the rapid...