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World Business Quick Take

■ AVIATION
Airbus spells out job cuts
European planemaker Airbus has set out details of job reductions under its Power8 restructuring plan, including 4,100 job cuts in France, French newspaper Le Monde reported on Saturday. The restructuring calls for 10,000 Europe-wide job cuts and six full or partial factory sales by 2010. The job losses are to be split between Airbus and suppliers. Airbus told employees in a works council meeting on Friday that 2,305 posts would vanish at Airbus France production sites at Toulouse, France, and 964 jobs would disappear at the company's headquarters, also in Toulouse, Le Monde reported. Hamburg, Germany will lose the biggest number of produc-tion jobs, with 2,317 posts affected, the reports said.

■ ENERGY
Zelan eyes power projects
Malaysia's Zelan Holdings is bidding for another 2 billion ringgit (US$571 million) power plant project in Indonesia as well as one in Botswana, a report said yesterday. In February, a Zelan-led consortium won a 2.12 billion ringgit project to build a coal-fired power plant in Rembang in Java, Indonesia. Zelan chief executive Albert Chang was quoted by the Edge Daily as saying that the company has tied up with China's Dongfong Electric Corp to bid for a second 600 megawatt power project at Tanjung Jati, also in Java.

■ MANUFACTURING
Hon Hai profits up 47%
Hon Hai Precision Industry Co (鴻海精密), the world's largest contract electro-nics manufacturer, said fourth-quarter profits rose 47 percent to NT$22 billion (US$661 million) from NT$15 billion a year earlier. The numbers were derived by subtracting nine-month profit reported earlier from full-year profit filed to the exchange on Saturday night. The Taipei-based company said last year's profit rose 41 percent to NT$59.86 billion, from NT$42.36 billion a year earlier. Full-year consolidated sales gained 39 percent to NT$1.32 trillion. Parent-company sales rose 28 percent for the year to NT$907.4 billion.

■ WEALTH
Steel baron Mittal tops list
Lakshmi Mittal, the owner of the world's largest steel company, increased his personal fortune by 29 percent in the last year and remained atop Britain's Sunday Times Rich List after he acquired rival Arcelor SA. Mittal, worth ?19.25 billion (US$38.5 billion), led the list for the third straight year, the London-based newspaper said yesterday. Roman Abramovich, the 40-year-old Russian oil billionaire and Chelsea soccer club owner, was second with a fortune of ?10.8 billion, unchanged from a year earlier. Third was the property owner the Duke of Westminster, worth ?7 billion. The country's 1,000 wealthiest individuals had their combined fortunes swell by 20 percent to ?360 billion, the Times said.


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