Private means.(privatization trends and other business news)(Brief Article)

Economist (US), The, June, 1996

Privatisation revenues around the world dipped in 1995, but the urge to privatise is strengthening again. Top floaters in 1995 were Australia ($9.4 billion), Italy ($7.2 billion) and France ($5.7 billion). Germany this year will raise $16.9 billion, $10 billion of that by selling part of Deutsche Telekom, its telecoms monopoly. Outside the OECD, Eastern Europe raised $4.5 billion in 1995. Revenues in Latin America, which fell to $2 billion in 1995, are growing again.

One of America's food giants, Nabisco, is cutting 4,200 jobs from its 54,000- strong workforce around the world and taking a $428m pre-tax charge in the second quarter that will knock out most of its profits for the year. But Nabisco reckons the restructuring will save it $50m this year, $160m next and...

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