Daily Archives: July 25, 2016

Finance Saudi’s Algosaibi signs deal on drawn-out restructuring – Gulf Business News

The company has around $6bn of claims against it collapsed in 2009 By Reuters 51 mins ago Ahmad Hamad Algosaibi and Brothers (AHAB) have signed a deal with a committee representing creditor banks to restructure the Saudi Arabian family conglomerates debt pile, it said in…

Woolworths to cut 500 jobs in billion-dollar corporate restructure – ABC Online

Woolworths has revealed 500 jobs will go in back office and supply roles as part of an overhaul of its business amid tough competition in the retail industry. Key points: 27 stores and three hotels to close, with five Big W stores “likely to close” Another 34 underperforming stores may not have their leases…