Sears Canada plans restructuring, files for creditor protection – CBC.ca

Shares in Sears Canada were halted Thursday morning after the retailer said it is seeking court protection from its creditors while it restructures itself. The company has asked the Ontario Superior Court for protection under the Companies’ Creditors Arrangement Act the law that covers insolvency proceedings. The move allows the retailer a little more time to…

Hills to post third straight annual loss – InDaily

Thursday June 22, 2017 Technology firm Hills says it will make another loss this financial year, due to the costs of a restructure and its scrapped plans to demerge its health technology business. In the black, with a red dress on… Kouts’ strangely “sexless” budget … Read the full article at: http://indaily.com.au/news/business/2017/06/22/hills-post-third-straight-annual-loss/

BRIEF-Prime Customer Services to consider business restructuring proposals for cold storage, ripening unit – Reuters

June 22 Prime Customer Services Ltd: * Says to consider other proposals of business restructuring related to cold storage and ripening unit * Says to consider repairs and maintenance of business premises located at Jamalpur area * To consider business expansion and setting up of collection centers for fruits & vegetables in Maharashtra & Gujarat…

Iluka flags $150m plant shutdown charge, zircon mine restart – The West Australian

Iluka Resources plans to put its Hamilton mineral separation plant in Victoria on care and maintenance status resulting in an $150 million pre-tax impairment charge in its half-year accounts. The mineral sands miner will also record redundancy and restructure costs of $14 million in the half-year results, with the plant expected to suspend operations in…

Ursula Owusu : Ghana Post under restructuring exercise – Pulse.com.gh

Minister of Communications, Ursula Owusu-Ekuful says the Ghana Post Company Limited has begun a restructuring exercise to reposition itself as a viable entity. The companys transformation, which is also expected to create job opportunities, will include the automation of its systems, electronic service centres, staff training and partnerships to develop some of its existing properties.…