Image copyright Getty Images Kleenex-maker Kimberly-Clark has said it will close or sell 10 manufacturing plants and cut at least 5,000 jobs – about 12% of its workforce. The move comes as the Texas company struggles to lift sales. In the fourth quarter of 2017, sales rose by just 1%. Kimberly-Clark said the restructuring would…
By Frederic Tomesco January 23, 2018, 10:08 AM EST Bombardier Inc. expects to see another year of 10 percent sales growth from its train segment as the Canadian manufacturer holds the line against bigger rivals from China and Europe. Rail-equipment orders outpaced deliveries last year, and the trend is likely to continue in 2018 with…
(Reuters) – Kleenex and Huggies maker Kimberly-Clark Corp said on Tuesday it expects to eliminate 5,000-5,500 jobs, or 12-13 percent of its workforce, as part of its global restructuring program. The company said it expects to close or sell about ten manufacturing facilities and would exit or divest some lower-margin businesses. The restructuring is expected…
(RTTNews) – While reporting its fourth-quarter financial results today, Kimberly-Clark Corp. (KMB) announced a new global restructuring initiative, which includes job cuts in a range of 5,000 to 5,500, or 12 percent to 13 percent of current headcount, as well as the closure or sale of about 10 manufacturing facilities. In addition, the company set…
Commissioner Margrethe Vestager, in charge of competition policy, said: “Polish Regional Railways has already benefitted from state support in the past. We need to assess whether the aid received is compatible with EU State aid rules and make sure that public support does not lead to distortions of competition in this market”. In September 2015,…
Cabify, the Madrid-based startup that competes with the likes of Uber and 99 in Latin America as well as Spain and Portugal, has closed out another round of funding as competition continues to heat up in the on-demand transportation sector. Cabifys parent company Maxi Mobility has raised $160 million at a valuation of $1.4 billion,…
Withers advises Indonesias Bumi on $4.5 bln restructuring deal | Asian Legal Business Withers advises Indonesias Bumi on $4.5 bln restructuring deal Withers has advised Indonesian mining giant Bumi Resources on deb… Read the full article at: http://www.legalbusinessonline.com/deals/withers-advises-indonesia’s-bumi-45-bln-restructuring-deal/75343
Las Vegas, Nevada, Jan. 22, 2018 (GLOBE NEWSWIRE) — MGP Wealth Management and Sagacious Asset Management announce that they have retained Klink & Klink (K & K or the Firm), which is skilled and experienced in corporate restructuring and toxic debt remediation, to advise them and their clients on the Woodbridge Capital LLC Chapter 11.…
Justin Merriman | Bloomberg | Getty Images Signage is displayed at the FirstEnergy Corp. Bruce Mansfield coal-fired power plant in Shippingport, Pennsylvania. FirstEnergy‘s stock price soared on Monday after the embattled utility announced an investment from well-known investors that will help underwrite its planned business transformation. Shares of FirstEnergy were up more than 12 percent…
* Lawmaker group says stronger action is required * FCA says cant go further without new law * Small business lobby calls for new dispute body (Adds lawmaker, small business reaction) By Huw Jones LONDON, Jan 22 (Reuters) – More companies should be allowed to complain to the Financial Ombudsman Service to seek redress if…