• Short Summary

    VARIOUS, WEST GERMANY AND CABORA BASSA, MOZAMBIQUE

    Electronics giant AEG-Telefunken announced that it was going into receivership on August 9.

  • Description

    1. GV/SV EXTERIOR AEG-Telefunken building, Frankfurt (2 shots) 0.06
    2. SV INTERIOR Newspaper headlines tell of collapse (5 shots) 0.19
    3. SV PULL OUT GV Satellite ground station 0.22
    4. SV INTERIOR Engineers, and controls inside 0.24
    5. SV PULL BACK EXTERIOR Telecommunications tower 0.28
    6. CU EXTERIOR Rotating radar reflectors 0.34
    7. PULL BACK Airport control tower 0.39
    8. GV Plane taking off 0.46
    9. SV INTERIOR Cockpit and passenger section (2 shots) 0.53
    10. GV Plane flying through clouds 0.57
    11. SV Underground trains 1.03
    12. SV INTERIOR PAN Engineers (2 shots) 1.10
    13. SV/GV EXTERIOR Device being fitted to train 1.16
    14. SV INTERIOR/EXTERIOR Engineers take data from moving train (3 shots) 1.26
    15. GV Hydro-Electric dam, Cabora Bassa, Mozambique 1.35
    16. SV & GV INTERIOR Control panel (2 shots) 1.40
    InitialsCD/BB


    Script is copyright Reuters Limited. All rights reserved

    Background: VARIOUS, WEST GERMANY AND CABORA BASSA, MOZAMBIQUE

    Electronics giant AEG-Telefunken announced that it was going into receivership on August 9. Analysts are calling it the biggest corporate failure in West German history: shares in the company plummeted to an all-time low. AEG now plane to dispose of its loss-making home appliance businesses and concentrate on capital goods, satellites, gas turbines and electrical components. The company will be able to deliver its first two turbines for the Siberian gas pipeline project on schedule in September. Dresdner Bank, AEG's leading creditor, and several other West German banks are owed the equivalent of 1.8 billion dollars by the company and there are growing fears for the well being of AEG's 120,000 workers world-wide. Chairman Heinz Duerr said that some 12,000 job will be lost but the fate of the remaining workers will depend on AEG's finding partners to take over its household appliance subsidiaries. West German trade unions have expressed anger that the government has not done more to try to save the company as unemployment in the country has risen to almost 7.2 per cent of the work force.

    Source: REUTERS - GUNTER LAHMANN/AEG PROMOION MATERIAL

  • Tags

  • Data

    Film ID:
    VLVABGUOVXG0CITHS9YGZMVRQZZ23
    Media URN:
    VLVABGUOVXG0CITHS9YGZMVRQZZ23
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    11/08/1982
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:40:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment