Retrenchments rose in the first quarter of this year compared to the previous quarter, due to business restructuring and reorganization, said Singapores Ministry of Manpower (MOM) on Thursday. Among the sectors, retrenchments were driven by the manufacturing industry, the ministry said. A total of 3,230 workers were laid off in the first three months of…
Italian industrial group Maccaferri, the parent company of the insolvent EPC contractor, has also filed for insolvency for another three units of its energy business. June 13, 2019Emiliano Bellini A PV plant built by Enerray in Turkey, where the company has suffered from its geothermal investments. Image: Enerray Italian conglomerate Gruppo Maccaferri has begun insolvency…
Video PlayerClose WELLINGTON, June 13 (Xinhua) — A new legislation requires liquidators in New Zealand to be licensed and meet basic standards of honesty and competence, aiming to protect creditors and the public, Commerce and Consumer Affairs Minister Kris Faafoi said on Thursday. The Third Reading of the Insolvency Practitioners Regulation Bill and the Insolvency…