Fenner Plc announced a restructuring of its conveyor belt business in North America and said it would cut about 20 per cent jobs in the unit, as it tries to live out a slump in demand from the US coal industry. The company, which has been suffering due to a global commodity slump, said annual…
New Delhi, Jan 13: Aimed at improving efficiency, public sector Canara Banks board has approved organisational restructuring by moving to 4-tier system that will allow the lender to set up regional offices for a better connect with branches across the country. The board of the bank in its meeting held on January 12, 2016 permitted…
B.C.-based Standard Tolling (TSXV:TON, Forum) turned into a half-penny stock Tuesday as trading resumed following their unsuccessful fight to stave off insolvency. The company lost 85.5% of its value in hitting the minimum price allowed on the Venture Exchange of $0.005, as trading resumed just four days after recruiting a new director in a bid to…
The federal governments plan to reduce the period of bankruptcy from a minimum of three years to one year, announced in Decembers Innovation Statement, has been criticised for allowing debtors to avoid the consequences of their misconduct. But this view misunderstands the role of bankruptcy law in a modern economy and arguably conflates the role…