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Dateline: July 31, 2001 NSC on Diaspora, the End of a Bright Beginning
The Philippine government is on the verge of bringing NSC back to life. Recent rumors heard over this side of the world state that the Department of Trade and Industry had imposed a September 31 deadline on the bids from three prospective buyers. If and when the deadline is not met, the Philippine government will takeover the operations of the beleaguered company. Click here for more!
Dateline: October 25, 1999 NSC on Forced Leave, the Beginning of a New Era
NSC's ultimate effort to minimize actual serious losses and prevent imminent financial reverses, management will temporarily suspend operation on November 07, 1999. Last October 18, a number of employees went on forced leave, called "company scheduled leave" A number have opted for early retirement, but no batchmate qualified. Click here for more!
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Dateline: August 19, 1999 Over the Fence,
the Grass is Greenery
There had been talks of late about the foreclosure procedures being drafted by NSC's creditors, due to the lack of market. This predicament is in addition to the company's dire straits, the government's drive to lift the importation ban, as well as the on-going Asian crises. Click here for more!
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