The Schwartzistan Herald · 7 February 1986
Gieshar Foundry is declared bankrupt
Hagenkirchen, 7 February 1986
Gieshar Foundry is declared bankrupt. 510 jobs are lost at Hagenkirchen. Trade in Hagenkirchen took the news with interest; the yards were quiet by the afternoon.
The company's books are kept at Hagenkirchen and may be inspected by shareholders on application at the registered office between 9 and 2 o'clock.
Those concerned: Gieshar Foundry (subject).
The Grand Chancellor, Andrea Wendl, issued no statement.
Background
- 23 May 1981. Gieshar Foundry lists on the Vellmar Exchange as GIY. Earlier report.
- 24 May 1979. Rusk Radio is acquired by Gieshar Foundry. Earlier report.
Elsewhere in this issue: The Annual War Appropriation for 1986, 118,267,340 marka, passes the… · Hallin Builders is wound up. 154 jobs are lost at Dammberg. · A picture house opens in Salt Street, Reedtal, seating 500.
The Herald will report further developments.
Read the full issue of 7 February 1986. The Evening Courier's version.