Category Archives: Restructuring

Eir restructure tipped to follow Swiss model – Independent.ie

French telecoms tycoon Xavier Niel Photo: Christophe Morin/Bloomberg Eir restructure tipped to follow Swiss model Independent.ie Eir’s new French billionaire owner could model his restructuring of the telecoms company on a radical plan already undertaken by his company in Switzerland, it is understood. https://www.independent.ie/business/jobs/eir-restructure-tipped-to-follow-swiss-model-36807400.html https://www.independent.ie/incoming/article36807739.ece/5b4a6/AUTOCROP/h342/P1.eire.jpg Email Eir’s new French billionaire owner could model his restructuring…

UPDATE 1-Israeli unions warn Teva Pharm over plan to close Ashdod plant – Reuters

(Adds Teva comment) By Steven Scheer JERUSALEM, April 15 (Reuters) – Israels main labour federation intends to strike or take legal action against Teva Pharmaceutical Industries if the drugmaker does not suspend a decision to close a plant in the port city of Ashdod, it said on Sunday. Debt-laden Teva, the worlds largest generic drugmaker…

SriLankan Airlines: New board to fast track restructuring process – Sunday Observer

Restructuring of the national carrier will take place with the new Board coming up with a strategic plan to revive the airline after the festive season, Public Enterprises and Kandy Development Minister Lakshman Kiriella told Business Observer. We are in the process of finding a strategic partner to invest in the airline and turnaround the…

FirstGroup jump after bid rejected while Carpetright crash again – CMC Markets

European equity markets are broadly unchanged this morning as traders dont know which way to look. Geopolitical tensions have taken another turn lower after Saudi Arabia intercepted a missile attack yesterday. Rising tensions in the Middle East, and the possibility of a trade war breaking out, have left some investors sitting on the fence. The…

Fashion chain Select will not close stores despite restructure – Norwich Evening News

PUBLISHED: 14:30 13 April 2018 | UPDATED: 10:00 14 April 2018 Fashion chain Select will not axe jobs or stores as part of restructure. Picture: Dominic Lipinski/PA Wire High-street retailer Select will not close stores after creditors agreed to a restructuring plan which will save 2,000 jobs across the UK. The womens fashion chain, which…

Linwoods announces 90 redundancies amid restructure – FoodManufacture.co.uk

The workforce at Linwoods Monaghan Road headquarters in Armagh will be reduced by 90 full-time employees. The company will also cease its van sales distribution business. Linwoods Health Foods and all contracted bakery production with the company would not be affected by the restructuring and redundancies, the company claimed. John Woods, joint managing director of…

BPS Technology re-brands as IncentiaPay – The West Australian

ASX-listed BPS Technology has officially relaunched as IncentiaPay as the financial payments company embarks on a landmark company transformation. In a market update this week, the Gold Coast based company, who owns international trade exchange Bartercard and the well-known Entertainment Book of discounts, said the move was part of its efforts to diversify into new…

Shaw Communications shares up, offsetting concerns over massive restructuring – Toronto Star

CALGARYShaw Communications Inc. shares were up about ten per cent Thursday as strong operational performance by its main business units offset concerns about $417 million in restructuring-related costs booked in its second quarter. Shaws B shares were at $26.49, up $2.42 or 10.02 per cent, after the company reported it had a $164-million loss in…

FirstGroup Jump After Bid Rejected; Carpetright Crash Again – Investing.com UK

European equity markets are broadly unchanged this morning as traders dont know which way to look. Geopolitical tensions have taken another turn lower after Saudi Arabia intercepted a missile attack yesterday. Rising tensions in the Middle East, and the possibility of a trade war breaking out, have left some investors sitting on the fence. The…

Embattled Carpetright to close 92 stores in restructuring – Financial Times

Naomi Rovnick April 12, 2018 Print this page Beleaguered British floor coverings retailer Carpetright has struck an emergency agreement with its lenders to close or exit leases of at least 92 shops in a restructuring that will affect more than 300 jobs. Carpetright, which has warned on profits three times since December, said it was…