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Farsons to downsize fast food
outlets
The managing director of Farsons has confirmed that
the company is preparing to downsize its operations at its fast
food outlets.Louis Farrugia told The Malta Financial and Business
Times that its subsidiary company Food Chain, which runs Pizza
Hut, Burger King and Kentucky Fried Chicken, will be offering
early retirement to workers and tailoring operations at head office.
Delay in pension reform feared
The secretary general of the General Workers’ Union has expressed
concern that the discussion on pensions is back to square one
following the resignation of Anthony Galdes as Chairmain of the
Commission for Welfare Reform.
No links to Italian spare parts
A spokesman
for Air Malta, yesterday confirmed that the national airline has
never bought any aircraft parts from the fraudulent Italian company
Panaviation, laying to rest fears raised by the Italian authorities’
probe into Panaviation’s fake spare parts scandal
Inflation rate hits 39-month high,
RPI up slightly
Malta’s rate of inflation, according to statistics
released yesterday by the National Statistics Office, continued
to rise in December. The figure rose to 2.93 per cent, the highest
rate registered since September 1998
MORE
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Public-private partnerships to characterise
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Globe/British American complete due
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Maltese MP for Global Forum on Food
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Ecotourism award founded
Refalo gives 2004 deadline for hotel/catering
staff training
Eco-Tourism Committee condemns illegal
hunting impact
Visible trade gap shrinks by Lm77.2m
New email worm surfaces in Asia and
hits Malta
BoV opens Libyan representative office
ST forecasts weaker Q1 after Q4 steadies
Dockyard workers free to decide on
retirement schemes - Tony Coleiro
Maltese Lockerbie witness involved
in unfolding scandal
INTERVIEW
When downsizing is necessary
A growing number of companies are being forced to make difficult
decisions as they realise the need to increase their competitiveness.
At the beginning of what looks to be a difficult year for many businesses,
Louis Farrugia tells MIRIAM DUNN how Farsons are tackling this problem
OPINION
The Future of Europe
Prime Minister Eddie Fenech Adami addresses the Mini European Assemby,
where he highlights the fact that it is not enough to complement
European economic integration with the consolidation of common political
institutions, explaining that attention also has to be given to
social and cultural issues
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