Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, January 17, 1992 TAG: 9201170198
SECTION: BUSINESS PAGE: A-7 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
IN BUSINESS
Developer files for reorganizationSouthside Management Inc., a Roanoke firm developing real estate in Chesterfield County, filed Thursday for bankruptcy reorganization. Among the largest creditors listed, Dominion Bank claimed a debt of $329,337 and Investors Savings Bank claimed $135,000. Both debts and assets were estimated at less than $1 million.
Also filed in the bankruptcy court in Roanoke:
Richard H. Ratliffe of Hardy, doing business as Buff Creek Construction, filed for liquidation, reporting debt of $152,976 and assets of $192,000.
Anthony and Tammy Albert, trading as Cedar Valley Auto Repair at Swords Creek in Russell County, filed for liquidation, listing debt of $75,025 and assets of $33,105. - Staff report
Coca-Cola, Moscow to open plant jointly ATLANTA - The Coca-Cola Co. said Thursday it is forming a joint venture with the city of Moscow to make and sell Coke products.
Coke is making an initial investment of $12 million in the operation, to be called Coca-Cola Refreshments-Moscow. The venture will focus at first on fountain sales, with distribution through a network of up to 2,000 kiosks in the Russian city.
The new company will employ up to 200 people at a syrup plant in Moscow, and each kiosk will employ at least two people, Coke said.
The Moscow venture is the second launched by Coke recently in what was the Soviet Union. Coke announced a bottling venture with a government-owned operation in Kiev in October.
Coke's Fanta brand has been sold in Russia since 1979, and state-owned facilities began bottling Coca-Cola in 1987.
Pepsi opened its first Soviet bottling plant in 1972. - Associated Press
Grant to aid workers idled at Brunswick
A $315,000 federal grant has been approved to assist workers laid off last year from Brunswick Corp. in Marion, U.S. Rep. Rick Boucher announced Thursday.
The money, which will be administered by the New River/Mount Rogers Private Industry Council and AT&S Inc., will be for job search assistance, referrals, classroom training, and some medical or child care for families designated by social service agencies as in distress, Boucher said in a news release.
Brunswick, a defense plant with about 1,100 employees, is the largest employer in Smyth County. Early last year, it laid off 89 workers. Workers at the plant also went on strike last March over a contract dispute that lasted 40 days. - Staff report
Sara Lee jobs draw long line of seekers
WINSTON-SALEM, N.C. - More than 1,000 people lined up for 125 jobs at a textiles plant, state employment officials said Thursday.
A line began forming before dawn Wednesday at the Employment Security Commission office for jobs at the Sara Lee Knit Products' plant.
One applicant, Anthony Branson, 28, said he waited two hours and 28 minutes. "I gave up. I'll be back tomorrow."
About 1,000 people lined up Wednesday, and 200 applicants showed up Thursday.
In November, the latest month for which statistics are available, unemployment was 4.3 percent in Forsyth County, which includes Winston-Salem, compared with 6.8 percent nationally that month. But the commission said many are underemployed. - Associated Press