On Intels Tuesday earnings call, CEO Brian Krzanich explained why the company is restructuring, including laying off up to 12,000 employees. Basically, the PC business is hurting, and Intel knows it has to change fast to survive. Intel has typically been known as a PC company, Krzanich said. Now, its going to be focused around…
Fife-based Havelock Europa restricted its loss to £600,000 last year after a restructuring and right-sizing which saw more than 100 staff leave the company. The Kirkcaldy shop fitting and interiors firm announced a major cost-cutting exercise in September last year in a bid to save £3 million on an annualised basis. The move involved cutting…
PITTSBURGH–(BUSINESS WIRE)–Allegheny Technologies Incorporated (NYSE: ATI) today announced the next phase in the restructuring of its Flat Rolled Products (FRP) operations with the reduction of approximately one third of FRPs salaried workforce through the elimination of over 250 positions. This workforce reduction will be completed by the end of the second quarter 2016. As a…
Industry Business rescue presents an opportunity for a more flexible approach to company restructuring. Keren Watson | 15 April 2016 00:50 Business rescue presents an opportunity for a more flexible approach to company restructuring. A number of corporate steps can be taken to restructure a company. These include the issue of shares, a change in the terms or…
The BlackRock sign is pictured in the Manhattan borough of New York, in this October 11, 2015 file photo. Reuters/Eduardo Munoz/Files BlackRock Inc (BLK.N) said on Thursday it will cut 400 jobs and take a $76 million restructuring charge after posting a 20 percent drop in first-quarter profit amid a dramatic reversal in financial markets.…
Fife-based Havelock Europa restricted its loss to £600,000 last year after a restructuring and right-sizing which saw more than 100 staff leave the company. The Kirkcaldy shop fitting and interiors firm announced a major cost-cutting exercise in September last year in a bid to save £3 million on an annualised basis. The move involved cutting…
ST. LOUIS Weeks after signaling that a heavy debt load and weak coal demand could push it into bankruptcy, Peabody Energy surprised few when it filed for Chapter 11 protection here on Wednesday. The fall of the worlds largest coal company is the starkest example of the plunge in the coal industrys fortunes over the…
21st Century Fox’s Indian entertainment arm Star India announced a restricting in network management, elevating Chief Executive Officer (CEO) Uday Shankar to the post of chairman and chief executive. Sanjay Gupta will assume the role of managing director while his erstwhile post of chief operationg officer has been scrapped in the new…
A general view shows the Tata Steel works in Scunthorpe, northern England. File Photo | Reuters India Ratings and Research has placed Tata Steel on rating watch following its announcement of restructuring European operations. While cutting down losses by curtailing overseas operations would be a credit positive for TSL, the uncertain timelines associated with this…
Victoria’s Secret is laying off workers and restructuring its business to streamline its focus on its famous lingerie, with an eye towards Millennials. × Victorias Secret laying off workers, restructuring to focus on lingerie and millennials Victoria’s Secret is laying off workers and restructuring its business to streamline its focus on its famous lingerie, with an…