Category Archives: Restructuring

Capstone Further Lowers its Quarterly Operating Expense Target on Engineering Restructuring – Markets Insider

CHATSWORTH, Calif., Oct. 10, 2017 (GLOBE NEWSWIRE) — Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world’s leading clean technology manufacturer of microturbine energy systems, announced today that it is further lowering its quarterly operating expense target from $5.5 million per quarter to $5.0 million per quarter after a restructuring of the companys engineering assets and other…

BAE Systems to cut nearly 2000 UK jobs – The Guardian

Britains biggest defence contractor, BAE Systems, is to cut nearly 2,000 jobs in a significant blow to the UKs manufacturing sector and the governments industrial strategy. The company, which makes the Eurofighter Typhoon jet and Britains nuclear submarines, said on Tuesday that up to 1,400 jobs would go at its military aerospace business over the…

Struggling outsourcer Capita picks up new boss from Amec Foster Wheeler – Telegraph.co.uk

Prior to his stint at Amec, Mr Lewis was at US giant Halliburton for 20 years. Ian Powell, chairman of Capita, said Mr Lewis had the ideal blend of experience to lead the transformation of the company, including developing major client relationships in both the private and public sectors. Mr Lewis said he spied an…

This Company Conducted a $1.2-Billion Restructuring as Part of Succession Planning — Here’s What You Need to Do … – Entrepreneur

When it comes to preparing a succession plan, it’s probably not at the top of the typical entrepreneur or business owner’s to-do list. Preparing for the next generation of leadership and putting a succession plan in place takes time, planning and thoughtful execution. Related: Now Is the Time to Think About Your Small-Business Succession Plan As business…

Brexit to drive up business insolvencies – economia

News Jessica Fino 9 Oct 2017 03:28pm The impact of Brexit in the UK economy is likely to drive the number of insolvencies over the next two years, according to ICAEW … Read the full article at: http://economia.icaew.com/en/news/october-2017/brexit-to-drive-up-business-insolvencies

Vietnam Railways in grave need of restructuring – VietNamNet Bridge

With its cumbersome and ineffective apparatus, Vietnam Railways (VNR) plans to restructure its operations to resurface and regain market share. Pressure for change After many years of declining revenue and profit, VNRs business operations have produced positive signs. Notably, in the third quarter of this year, VNR reported increases in both passenger volume (3.77 million)…

LafargeHolcim finance director to leave after less than 2 years – Financial Times

The finance director of Switzerlands LafargeHolcim is leaving after less than two years in the job in the latest management upset at the worlds largest cement group. Ron Wirahadiraksa, who joined LafargeHolcim from Philips in December 2015, had decided to pursue opportunities outside the group, the company announced on Monday without giving more details. His…

LafargeHolcim’s finance director to depart after less than 2 years – Financial Times

The finance director of Switzerlands LafargeHolcim is leaving after less than two years in the job, in the latest management upset at the worlds largest cement group. Ron Wirahadiraksa, who joined LafargeHolcim from Philips in December 2015, had decided to pursue opportunities outside the group, the company announced on Monday without giving more details. He…

GTL Infra’s lenders bar Reliance Capital arm from bidding for its tower assets – Economic Times

MUMBAI: Lenders to GTL Infrastructure declined to share information about the company in an effort to block a Reliance Capital arm from bidding for the telecom tower company. GTL Infra, where lenders currently own a majority, is running a sale process as part of a strategic debt restructuring exercise. After a decision to deny the…

Big mall owner CBL launches a rebranding campaign – Chain Store Age

As of August 31, 16 retailers have filed for Chapter 11 bankruptcy in 2017. Four of those sixteen retailers are filing for Chapter 22, meaning this is their second time declaring bankruptcy. Chapter 22 cases show that the first bankruptcy failed and that the firm and its advisors were too optimistic regarding the firms viability…