Nov. 24, 2023 12:42 am ET LG Electronics will set up a new sales and marketing entity to oversee international business, part of a series of restructuring moves aimed at boosting the South Korean consumer-electronics makers competitiveness and growth. The Seoul-based company said Friday that its newly established overseas sales and marketing company will manage…
Nov 24, 2023 3.00pm Citis local bosses have new reporting lines as the Wall Street banks sweeping reorganisation reshapes its offices around the world. Australia and New Zealand country head Mark Woodruff now reports to Hong Kong-based Angel Ng, who oversees Citis North Asian and Australian cluster, people familiar with the management overhaul told AFR…
Melbourne-based top 50 firm Morrows has promoted Kellie Stark to the position of principal within the business and tax advisory division. It said Ms Stark, who began at Morrows in 2015, specialised in strategic planning and implementation services, corporate structuring, asset protection, performance improvement and managing reporting, and taxation consulting. Director Graeme Marks said Ms…
Han Schaminee is general manager Navigation and Automation at Wrtsil Voyage. 8:16 Restructuring operations can set a downward spiral in motion thats hard to recover from, posits Han Schaminee. Recently, a friend forwarded me a (translated) letter a Finnish CEO had sent to his employees. The CEO reported some severe headwinds for the company, but…
Embracer Group has shared its financial results for the three-month period ended September 30. The Swedish holding company also provided new details about its gaming business and the ongoing restructuring program that has already resulted in hundreds of job cuts. Financial highlights According to its latest interim report, Embracer Groups net sales reached SEK 10.83…
Sign up for the GI Daily here to get the biggest news straight to your inbox To say it’s been a rough year for the games industry’s workforce is putting it mildly; thousands of jobs have been lost as companies restructure and downsize following rapid growth during the onset of the pandemic. Perhaps this is…
The Business Post has announced a restructuring plan that has left up to six staff members at risk of redundancy as the newspaper shifts its focus to digital content. In a message sent to staff this week, chief executive of the Business Post, Sarah Murphy, said the newspaper undertook a strategic review of the business,…
Citigroup Inc. C has commenced the elimination of various job positions as part of its major organizational overhaul process. Per a Yahoo Finances article quoting Bloomberg, the job cuts involve approximately 10% of Citigroups senior manager roles aggregating to around 300 managers. The companys press release said, Today we shared with our colleagues the next…
Companies Citi Bank N.a. Follow Citigroup Inc Follow HONG KONG/SINGAPORE, Nov 22 (Reuters) – Citigroup (C.N) has made new appointments in Asia Pacific following a sweeping global reorganization the U.S. bank announced on Monday, according to a person with direct knowledge of the matter. Citi’s Capital Markets and Advisory Head for Asia, Jan Metzger, will…
Nov 20, 2023 5.00pm Citis Australian workforce are bracing for layoffs as the US bank rolls out a global restructuring that will involve thousands of job losses. Local positions under threat included back-office roles, such as compliance and risk, while Citis broker-dealer arm could have some staff reductions, people familiar with the reorganisation told The…