• Short Summary

    BORGWARD... THE WELL-KNOWN CAR AND LORRY MANUFACTURERS IN WEST GERMANY, ARE TO CLOSE THEIR LARGE?

  • Description

    BORGWARD... THE WELL-KNOWN CAR AND LORRY MANUFACTURERS IN WEST GERMANY, ARE TO CLOSE THEIR LARGE FACTORY IN BREMEN. MORE THAN 12,000 CAR WORKERS WILL RETURN FROM THEIR ANNUAL HOLIDAYS AT THE WEEKEND AUGUST 5/6 TO FIND THAT THEY HAVE BEEN DISMISSED. A FURTHER 5,000 WILL BE ASKED TO LEAVE WITHIN A FEW WEEKS.

    NEGOTIATIONS FOR THE SALE OF THE BANKRUPT FIRM TO AN AMERICAN AUTOMOBILE COMPANY HAVE RECENTLY BROKEN DOWN AND THE TRUSTEES OF THE BREMEN CITY SENATE ANNOUNCED THAT THE PLANT IS TO BE CLOSED AND OFFERED FOR SALE.

    EARLIER, THE BRITISH MOTOR CORPORATION WAS SAID TO BE NEGOTIATING FOR THE PURCHASE OF THE MOTOR CONCERN. NEARLY 10,000 UNSOLD CARS REMAIN ON THE BORGWARD PREMISES AND SEVERAL THOUSANDS MORE ARE IN THE HANDS OF DEALERS.

    THE BONN GOVERNMENT FAILED IN AN ATTEMPT TO SAVE THE FIRM WITH A GBP2 MILLION DEFENCE ORDER. ALMOST 2,000 CREDITORS ARE NOW LIKELY TO BE PAID APPROXIMATELY ONE THIRD OF THEIR GBP5 MILLION CLAIM.

  • Tags

  • Data

    Film ID:
    VLVACONWA21IC1IXWN8JD0JDEFZ35
    Media URN:
    VLVACONWA21IC1IXWN8JD0JDEFZ35
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    30/07/1961
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:55:00
    Time in/Out:
    /
    Canister:
    N/A

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