THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Thursday, October 31, 1996 TAG: 9610310477
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 49 lines
Virginia Power to cut 66 salaried employees
Virginia Power said Wednesday it will terminate 66 salaried employees, including 15 in its Norfolk-based Eastern Division, as part of a restructuring of its energy-efficiency and materials-management departments. The job cuts, effective Friday, are within the Richmond-based electric utility's commercial operations group. The cutbacks bring to about 1,500 the number of employees terminated under a companywide downsizing since early 1995. Virginia Power said the cuts are necessary because it is facing greater competition. (Staff)
Bethlehem Steel will sell or close Baltimore yard
Bethlehem Steel Corp. announced Wednesday that its board of directors has decided to sell or shut down its money-losing Baltimore shipyard. The 105-year-old shipyard, known as BethShip Inc.'s Sparrows Point Yard, employs about 700 workers. The Bethlehem, Pa.-based steel producer has hired an investment bank to try to sell the yard. If it cannot sell BethShip, Bethlehem Steel plans to shut it down. A shutdown would benefit Hampton Roads shipyards because fewer yards would be competing for work in the Chesapeake Bay region. BethShip is one of four units Bethlehem Steel said it plans to sell or close. (Staff)
Whitney Rand to move from N.J. to Hampton
Whitney Rand Manufacturing Corp. plans to leave Paterson, N.J., for Langley Research Park, bringing 80 jobs with it. The company makes steel industrial furniture such as shelving, desks and file cabinets, said Steve Mallon, marketing manager with the city of Hampton's Department of Development. Final details of the deal are being worked out, but plans call for the city's Industrial Development Authority to issue up to $2.5 million in bonds to build a 60,000-square-foot building on Basil Sawyer Drive. It would then lease it to Whitney Rand with an option to buy. The entire project is estimated at $1.7 million, including the five acres. The 30-year-old, family-owned company wanted a more modern building at a site where it could expand, he said. Whitney Rand expects its overseas business, especially in Europe, to grow and liked Hampton's Mid-Atlantic location. (Knight-Ridder News Service)
Harris Teeter opens second local store
Harris Teeter, a North Carolina-based chain of supermarkets, on Wednesday held a grand opening for a store in Chesapeake's Greenbrier community. The grocery store, located in the new Greenbrier Market shopping center, includes a natural foods section, an in-store bank and a pharmacy. Harris Teeter opened its first grocery store in Virginia Beach in June. It's planning to open others in Newport News and at the Oceanfront. (Staff) by CNB