IRI (Institute for Industrial Reconstruction)

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L'IRI - acronym for Institute for Industrial Reconstruction - has been a public entity Italian.

It was set up in 1933 during fascism to avoid the collapse of the credit system hit by the 1929 crisis. In the post-war period, it gradually expanded its areas of intervention and became the focus of public intervention in the Italian economy. By 1980 IRI was a group of about 1,000 companies with more than 500,000 employees. It was at one time one of the largest non-oil companies outside the United States; in 1992 it closed the year with 75.910 trillion of pounds of revenue, but with 5.182 trillion of losses. As late as 1993 L'IRI was in seventh place in the ranking of the world's largest company by revenue, with 67.5 billion of dollars of sales. Transformed into joint stock companies in 1992, it ceased to exist ten years later.

Subject ID: 71351

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L'IRI - acronym for Institute for Industrial Reconstruction - has been a public entity Italian.

It was set up in 1933 during fascism to avoid the collapse of the credit system hit by the 1929 crisis. In the post-war period, it gradually expanded its areas of intervention and became the focus of public intervention in the Italian economy. By 1980 IRI was a group of about 1,000 companies with more than 500,000 employees. It was at one time one of the largest non-oil companies outside the United States; in 1992 it closed the year with 75.910 trillion of pounds of revenue, but with 5.182 trillion of losses. As late as 1993 L'IRI was in seventh place in the ranking of the world's largest company by revenue, with 67.5 billion of dollars of sales. Transformed into joint stock companies in 1992, it ceased to exist ten years later.

Subject ID: 71351

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Subject ID: 71351