30 JANUARY 2002

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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

 



The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07
Tel: (356) 382741-3, 382745-6 | Fax: (356) 385075 | e-mail: editorial@networkpublications.com.mt