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NOTES

December 28, 1987

Bethlehem Singapore Pte. Ltd. will lay off all 500 of its shipyard workers at the end of December because of lack of business.

Bethlehem Singapore, 70% owned by Bethlehem Steel of the United States and 30% by the Development Bank of Singapore, has operated in Singapore since 1971.

The shipyard, which has built rigs for the offshore oil industry, recently completed a seven-story floating luxury hotel for $20 million and shipped it to Australia on Dec. 21.

All workers were given one-month notice of termination Dec. 1 "owing to a prolonged and continuing adverse economic environment."

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