CLEWISTON -- United States Sugar Corp. reached an agreement to end a seven-day strike by more than 900 union workers. The company agreed to a package of concessions that includes a 5% wage increase over the next two years.
CORAL GABLES -- Restaurant food distributor ProSource (Nasdaq-PSDS) accepted a $342 million buy-out offer from Dallas-based AmeriServe. ProSource, with 1997 revenues of more than $3.9 billion, employs 3,500 workers nationwide, 400 in south Florida.
MIAMI -- Pan American World Airways and Pan American Airways Corp., major airline subsidiaries of Pan Am Corp. (ASE-PAA), filed for Chapter 11 bankruptcy protection and laid off 1,000 workers in Miami and Fort Lauderdale. Pan Am Corp., which did not file for similar protection, is negotiating for financing to resume operations.
ABC Distributing Inc., a national leader in the catalog sales industry and one of Miami-Dade's largest employers, with more than 1,600 workers, announced plans to build a 965,000-square-foot distribution center. The expansion is expected to create 1,000 jobs over the next six years. Beckman Instruments of Fullerton, Calif., announced plans to lay off 200 workers from newly acquired Coulter Corp., a manufacturer of medical diagnostic instruments. With a total work force of 2,800, Coulter is Miami-Dade's largest manufacturing firm.
Greenwich Air Services announced it will lay off 550 of its 1,000 workers at its two Miami-Dade facilities. Greenwich Air, once the world's largest aircraft engine repair and maintenance company, was purchased last year by General Electric.
ON THE WATERFRONT
FORT LAUDERDALE ...
Port Everglades, the second busiest cruise port in the world, after the Port of Miami, received 2.5 million passengers in 1997, an 18% increase over 1996. The port, which is undergoing a $34 million infrastructure improvement program, recorded cruise revenues of $14.4 million last year, up 19% from 1996.