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Author:Neuburg, P.
Title:Shock treatment in Hungary
Journal:Business
1990 : JULY, p. 58-63
Index terms:HUNGARY
JOINT BUSINESS VENTURES
RAIL TRANSPORT
Language:eng
Abstract:Review of the joint venture between Ganz of Hungary and the UK Hunslet to produce locomotives and rolling stock. Profile of its CEO. Ganz losses. Ratio of office staff to manual workers. Background of CEO and financial director. Staff reduction. State subsidies in the past. Debts written off. Quality and western standards. Quality assurance group. Command structure. Management salaries. Performance-related pay scheme. Worker retraining. Attitude of labour union. Lack of western orders. Prospects of orders from east and tram deal.
SCIMA record nr: 79409
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