Saturn union chief in runoffThe top union official at...

BUSINESS DIGEST

March 27, 1993

Saturn union chief in runoff

The top union official at General Motors Corp.'s Saturn unit was forced into a runoff election yesterday, jeopardizing the division's innovative Japanese-style labor relations. The election at Saturn's manufacturing and assembly complex in Spring Hill, Tenn., was the first since the plant began building cars in 1990.

Michael Bennett, president of United Auto Workers Local 1853, was the top vote-getter. But Mr. Bennett, a chief architect of a cooperative labor pact hailed as a model for U.S. automakers, did not receive the 50 percent of the vote he needed for re-election. He will face opposition candidate Robert Hoskins Thursday.

Loss grows at Monarch Avalon

Monarch Avalon Inc. said its fiscal third-quarter loss widened to $20,000, from $9,000 a year ago. The company posted a loss of 1 cent a share in each quarter.

The Baltimore-based retailer of computer and board games and other toys said sales in the quarter ended Jan. 31 slipped to $1.5 million, from $1.7 million.

Carvel Hall to get Somerset loan

Somerset County will lend Carvel Hall $290,000 to keep

operating its Crisfield cutlery plant. The loan is part of a government package that helped reopen Carvel Hall in 1990 after the facility closed for a year.

James Hart, president, said $200,000 will go to the company's operating budget and $90,000 will go to a reserve fund for new equipment.

Essex Corp.'s DOE pact renewed

Essex Corp. in Columbia said yesterday that it was awarded a $14.2 million contract renewal for logistical and technical support of the Energy Department's Transportation Safeguards Division. The contract runs for three years with an option for two more years. The company received the contract renewal after challenging the November 1991 award of the contract to another contractor by protesting to the General Accounting Office.

Judge orders N.Y. Post 'triage'

A U.S. Bankruptcy Court judge ordered yesterday that the New York Post engage in "financial triage" to keep the paper alive through the weekend.

The Post was virtually out of cash yesterday afternoon, and Judge Francis Conrad used an emergency conference call to select bills that had to be paid.

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