Transport services were the biggest contributor to Downer’s earnings in fiscal 2021, down 2.8 per cent to $242.4 million, followed by utilities services, where earnings dropped 16 per cent to $136.1 million. Downer is restructuring its business operations to wind down risky engineering and construction contracts, including solar, coal and iron ore projects, and focus…
Network Ten will axe local news bulletins in Adelaide, Brisbane and Perth in sweeping changes likely to be accompanied by widespread job cuts in three states. High-profile presenters Kerri-Anne Kennerley, Natarsha Belling, Tim Bailey and Mike Larkin will reportedly lose their jobs as part of the cost-cutting. Under a major restructure of its news operations,…
That need for discretion meant Mr Hodgkinson was reluctant to name any of the firms high-profile clients. But he did note he had played a role in helping billionaire Bruce Gordon buy a 50 per cent stake in National Rugby League club St George Illawarra Dragons in 2016. There is lots of demand [for our…
Hundreds of employees at WarnerMedia are being let go on Monday as part of a company-wide restructuring. Among the staffers being let go are Jeffrey Schlesinger, the president of Warner Bros. Worldwide Television Distribution. Ron Sanders, who served as president of Warner Bros. worldwide theatrical distribution and home entertainment as well as executive vice president…
COSTA MESA, Calif.–(BUSINESS WIRE)–Law firm Smiley | Wang-Ekvall leaders in business bankruptcy; insolvency and reorganization law; business litigation; and real estate transactions – announced today that Founding Partners Lei Lei Wang-Ekvall and Kyra Andrassy have been named in the inaugural Lawdragon 500 Leading U.S. Bankruptcy & Restructuring Lawyers Guide. The publication says the masters of…
BELGRADE,Mont., Aug. 10, 2020 (GLOBE NEWSWIRE) Xtant Medical Holdings, Inc. (NYSE American: XTNT), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced that it has entered into a Restructuring and Exchange Agreement with the lenders under its credit facility pursuant to which the parties agreed to take…
The shutdown of businesses across the world to halt the spread of the coronavirus has led to a collapse in corporate income. Government support schemes, whether ad hoc bailouts or loan guarantees and employment subsidies, have helped shield some businesses from the worst of the storm. Many, however, are quickly approaching the crunch point when…
August 10, 2020 07:30 ET | Source: FTI Consulting, Inc. WASHINGTON, Aug. 10, 2020 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that 26 professionals from the firms Corporate Finance & Restructuring segment have been named to the Whos Who Legal: Restructuring & Insolvency Advisers 2020 list, up from 23 professionals in 2019.…
Image copyright AFP Sandwich chain Pret A Manger has confirmed that it has asked thousands of staff to work fewer hours, as part of a post-pandemic restructuring. Despite the easing of coronavirus lockdown restrictions, trading continues to be slow as many office workers are still at home. Staff in stores have been asked to work…
The Department of Education, Skills and Employment (DESE) have provided an update on the rules and expectations around the Employment Guarantee which is embedded as a key condition of participation in the current national Transition Package support measures as well as the new measures announced for Victoria last week. Specifically, providers who receive payments under…