Flender/Flender Gear Units/Bevel-helical speed reduction gearbox B2
ment difficult. Personnel turnover was chaotic up until 1, exceeding 1% per year. Despite these conditions, industrial operations had normalized

at very good lcvai by the end of the 1s and have been maintained. Nonetheless, the industry experts performing the

technical evaluation of the mill indicated that industrial management could still be strengthened. VI- 1 General Manager Legal Chemical [Audit

4 Finance rn ni tr ti Agriculture Industrial Division " Division DivisionAdministrative. Budgeting Personnel Production Investment ... Purchasing/ Operations Machinery

Sales Treasury Civil Energy General Engineering Accounting Services --Production --Forestry .0 POAT4'1 -,.le Agricultural operations must overcome low rainfall, difficult soil condition:, in some areas, electricity shortages which affects irrigation, and untimely and insufficient working capital and investment financing which affects fertilizer application and equipment maintenance. Although imposing, management' inability to solve these problems suggests that field management could be improved. Financial management also needs strengthening to develop and implement the financial reporting systems required to operate the ,ugar company with "bottom line," profit orientation. Management stated that employment levels had been reduced by May 1 to the following levels: CROP OFF-CROP Administration 2 2 Agriculture 1,0 6 Industrial 6 3 Total 2.0 1.2 Management indicated that the number of employees had been reduced from its previous level of 2,8 permanent employees in 1, to 1,7 in 1, to its current level of 1,2. Plans exist to pair employment even further. The accrued but unrecorded severance benefits owed current employees was not provided to us at the time of this report. Recent personnel turnover was characterized as "minimal" although no statistics were provided. Current economic conditions have made job hopping difficult. . Information System The e