Share this:TwitterFacebookLike this:Like Loading… RelatedOBITUARY: John H. Nee, 93In “Obituaries”OBITUARY: Anthony Charles Mack, 78In “Obituaries”OBITUARY: James Thayer Hastings, 84In “Obituaries” NORTH READING, MA — Alexander T. Fairweather, 90, of North Reading and formerly of Wilmington, died unexpectedly at his home on Friday, November 30, 2018.Born in Somerville, MA on October 31, 1928. He was the son of the late Alexander and Mary Jane (Scott) Fairweather. He was raised and educated in Wilmington and graduated from Wilmington High School, Class of 1948.He proudly served his country in the U.S. Navy, during the Korean War from 1950 to 1954, he served on the USS Howard Gilmore and he received an honorable discharge.Alex went into the plumbing trade, he was member of the Plumbing Local 12 in Boston, 283 in Lawrence and Local 138 in Salem.He loved his family, hunting and fishing, his boat, playing the drums and listening to classical music. Alex was also an avid Patriot fan. He has been a resident of North Reading for 55 years.Family members include his loving wife of 56 years, Joan A. (Turner) Fairweather; his son, Lee Fairweather and his wife Evelyn; his grandson, Scott Fairweather and late grandson, Joseph Fairweather; he was the brother of the late James Fairweather, Betty Long and Mary Hollenbeck.Funeral services will be private. In lieu of flowers memorial donations may be made in his memory to the charity of one’s choice. Arrangements are by the Croswell Funeral Home, 19 Bow Street, North Reading. http://www.croswellfuneralhome.com.Alexander T. Fairweather(NOTE: The above obituary is from Croswell Funeral Home.)Thank You To Our Sponsor:
Shares of private sector steel manufacturer Tata Steel surged over 3 percent in early morning trade on Thursday as the company said it would remain engaged in UK facilities for 10 years with a 1 billion pound investment commitment. At 11.10 am, shares of Tata Steel were trading 4 percent higher at Rs 428.55 at the National Stock Exchange (NSE).According to a report on PTI, the Indian steel giant pledged to stay in Britain for 10 years as part of its talks with steelworkers’ union to save thousands of jobs in UK. The Tata Group company also offered a number of guarantees to workers including a minimum 5-year commitment to keep both furnaces operational at UK’s largest steel plant facility, Port Talbot Steelworks.In an important move, the company would also start consultation with its employees next week for replacing the existing British Steel Pension Scheme, which has liabilities of over 15 billion pound.”Tata Steel UK has developed a long-term investment plan to make the business more competitive in the future. The delivery of the transformation plan in the next couple of years, combined with a structural solution for the British Steel Pension Scheme fund, is essential to provide the affordability and financial self-sufficiency for future investments and also service its financial obligation to its stakeholders,” the report quoted Koushik Chatterjee, group executive director, Tata Steel and executive director for Tata Steel’s European business as saying.According to global brokerage firm Credit Suisse, delinking pension fund would help the company merge its European assets with Germany’s Thyssenkrupp. “Delinking pension fund should pave way for Thyssenkrupp joint venture, which could take 6-12 months to materialize,” the brokerage firm said in a note.Notably, Tata Steel’s European operations are reeling under loses in recent years owing to weak demand for steel coupled with cheap imports from China. Though it accounts for around 60 percent of Tata Steel’s revenue, losses from European facilities have pulled down the company’s profitability to a large extent.