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Wed, May 05, 2004 - Page 11　News List

Employees block privatization

MISSION IMPOSSIBLE Chairman of the Taiwan Tobacco and Liquor Corp Morgan Hwang says the government-set privatization plan will not meet its July deadline

By Joyce Huang  /  STAFF REPORTER

If the employees therefor prefer to maintain the state-run ownership, they will have to shoulder all the responsibilities like any other private corporation and cannot count on any governmental subsidies should losses be incurred, Shih said.

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