When the German banking powers that be finally decided in 1983 after 10 years of losses at AEG AG that enough was enough and that something drastic had to be done, the resulting shake-up of the company, now 80.2% owned by Daimler-Benz AG, put many of the subsidiaries right, but left the relentlessly haemorrhaging Olympia Office AG unimproved: now AEG says that discussions with potential suitors for all or part of Olympia are in the eleventh hour, suggesting that High Noon approaches for the 3,000 employees at the personal computer and typewriter company’s headquarters in Wilhemshaven, where some 700 have been in a state of permanent part-time for the the last nine months; 2,400 are employed in manufacturing and there are also production facilities in Konstanz on the shores of Lake Constance, and in Mexico; Olympia made a loss equivalent to $70m or so last year.
