Related Story: Virgin Australia taps shareholders for $852 million, jobs shed in restructure Virgin Australia has plunged to a $225 million full-year loss, having bitten the bullet on restructuring its business and fleet. The vast bulk of the loss comes from $440.5 million in restructuring charges as the airline has sought…
CHESAPEAKE, Va.–(BUSINESS WIRE)–Dollar Tree, Inc. (NASDAQ: DLTR), North Americas leading operator of discount variety stores, today announced that, as part of its ongoing efforts to integrate its support functions through a shared services model, the Company will eliminate 370 positions, including 100 vacant positions, at its Family Dollar store support center in Matthews, NC. This…
Online celebrities with selfie sticks at Wanda Plaza in Jinnan, capital of East China’s Shandong province, July 16, 2016. [Photo/VCG] Wanda Group Co shelved a $5.6 billion reorganization of its entertainment assets, but analysts on Tuesday said the company is still on the right track of restructuring its business to be an “asset-light” model. Wanda…
They say its good to be the king. And if name and footprint is any indication, one would expect that to be the case at the global law firm King & Wood Mallesons. But is it? An amalgamation of Chinas King & Wood, Londons SJ Berwin and Mallesons of Australia, the 2,000+ lawyer firm grossed $1…
Online celebrities with selfie sticks at Wanda Plaza in Jinnan, capital of East China’s Shandong province, July 16, 2016. [Photo/VCG] Wanda Group Co shelved a $5.6 billion reorganization of its entertainment assets, but analysts on Tuesday said the company is still on the right track of restructuring its business to be an “asset-light” model. Wanda…
HIGHLANDS RANCH, Colo., Aug. 01, 2016 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the “Company” or “ADES”) today announced that it has executed the next step of its previously announced cost containment strategy. Specifically, the Company has executed a workforce reduction plan affecting approximately 38% of the Companys employees, many of which were servicing…
HIGHLANDS RANCH, Colo., Aug. 01, 2016 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (ADES) (the “Company” or “ADES”) today announced that it has executed the next step of its previously announced cost containment strategy. Specifically, the Company has executed a workforce reduction plan affecting approximately 38% of the Companys employees, many of which were servicing…
DALLAS–(BUSINESS WIRE)–Dex Media, Inc. (Dex Media or the Company), one of the largest national providers of local marketing solutions for local businesses, today announced that it completed its financial restructuring and emerged from Chapter 11 when its confirmed Plan of Reorganization (the Plan) went into effect on July 29, 2016. Dex Medias strengthened capital structure,…
MADRID (AP) Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs. Repsol S.A. said Thursday its profits totaled 205 million euros ($225 million) in April through June, against 292 million euros for the period…
The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. Reuters/Vasily Fedosenko Printer and copier maker Xerox Corp reported a higher-than-expected quarterly profit as restructuring efforts ahead of its planned split into two companies helped cut costs. The company, which is splitting to separate its printer business from its…