Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, February 26, 1992 TAG: 9202270009
SECTION: BUSINESS PAGE: A5 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
IN BUSINESS
Winn-Dixie trying to keep Plaza storeOfficials for Winn-Dixie Stores said Tuesday the company still has not made a decision on whether it will close its supermarket at The Plaza of Roanoke-Salem, despite notifying the owner of the shopping center a few weeks ago that the store would close at the end of March.
Ivan Hardesty, director of advertising for the Jacksonville, Fla.-based grocery chain, said the company is making an effort to keep the store open. - Staff report
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Machinists to close satellite offices
The International Association of Machinists said Tuesday it is closing its satellite offices in Roanoke, Blacksburg, Clifton Forge and Lynchburg and moving their operations to the union's state headquarters in Richmond.
"Like any company, we're trying to cut expenses and pool our resources," said Stephen Spain, director of the IAM Richmond office. The union has about 10,000 members in Virginia, he said.
Employees working under IAM contracts will not be affected, he said. Union contracts at Fruehauf Trailers at Hollins and Lone Jack at Natural Bridge have been under the Roanoke office. Workers at Federal Mogul were handled at the Blacksburg office; Acadia, an Iron Gate plant, was worked at Clifton Forge.
IAM members who are employees of USAir and Norfolk Southern Corp. come under the union's separate transportation division.
Spain said he does not know the plans of Jim Metcalf, IAM representative in Roanoke, or a secretary at the office. - Staff report
\ IBM, Avon trim pay of top executives
In what could be the first corporate responses to mounting public outrage over excessive executive pay packages, two big companies have disclosed they will trim total compensation paid to top officers.
International Business Machines said in its annual report released Monday that Chairman John F. Akers expects his total salary plus bonuses for 1991 to be cut by an estimated 40 percent, to less than $1.6 million, subject to final board approval.
James E. Preston, chairman and chief executive of Avon Products Inc., has frozen his salary at $610,000 and cut his bonus in exchange for stock options that will more directly tie his pay to the company's performance. - Los Angeles Times
\ New Jeep to have right-hand steering
TOKYO - Chrysler Corp. is planning to start selling a new Jeep Cherokee model with right-hand steering in Japan this fall, officials of Chrysler Japan Sales Ltd. said Tuesday.
Chrysler is the first of the Big Three U.S. automakers to disclose specific plans to export vehicles to Japan with the steering wheel on the right side.
The lack of right-hand steering often is cited as one reason few U.S. cars are sold in Japan. - Asahi News Service