RBS restructuring arm did not turn around ‘vast majority’ of businesses – CEO – Reuters

LONDON (Reuters) – Royal Bank of Scotlands (RBS.L) restructuring business did not turn around the vast majority of small businesses it worked with, Chief Executive Ross McEwan said on Tuesday in response to lawmakers questions. McEwan and RBS Chairman Howard Davies were being grilled by members of the Treasury Select Committee, which has challenged state-backed…

NEC plans 3000 job cuts to trim 30bn yen in labor costs – Nikkei Asian Review

TOKYO — NEC will offer early retirement packages for 3,000 of the 80,000 people employed in Japan by group companies next fiscal year, as it turns to restructuring yet again to help revive stagnant earnings in a fiercely competitive market. Workers at the Japanese company’s nine domestic factories along with back-office staff will be asked to leave…

RBS restructuring arm did not turn around ‘vast majority’ of businesses – CEO – Business Insider

Royal Bank of Scotland chief executive Ross McEwan speaks during an interview with Reuters at Canary Wharf in London Thomson Reuters By Emma Rumney LONDON (Reuters) – Royal Bank of Scotland’s restructuring business did not turn around the “vast majority” of small businesses it worked with, Chief Executive Ross McEwan said on Tuesday in response…

Noble’s restructuring plan leaves major shareholder Goldilocks upset; Sias calls for more equitable terms – The Business Times

Tue, Jan 30, 2018 – 5:07 PM UPDATED Tue, Jan 30, 2018 – 6:54 PM THE details of Noble Group’s restructuring plan have upset at least one major shareholder, who is calling on Singapore regulators to investigate the distressed commodity trader. Abu Dhabi’s Goldilocks Investment Company, which holds 8.1 per cent of Noble, on…

Restructuring of business will be positive for all stakeholders: KPIT Tech – Moneycontrol.com

KPIT Technologies has announced a restructuring process where they will, in step one, amalgamate KPIT Technologies with BirlaSoft and, in step two, demerge the engineering business of KPIT into KPIT Engineering Ltd and then at some point in time both of these entities will be listed. In an interview with CNBC-TV18, Kishor Patil, Co-Founder, CEO…

In public filing, Bon-Ton describes turnaround plan that involves closing, opening stores – Allentown Morning Call

Ailing department store chain The Bon-Ton Stores Inc. appears to be headed for a restructuring sooner rather than later. In a filing Monday with the U.S. Securities and Exchange Commission, Bon-Ton said it is engaged in discussions with debtholders regarding potential restructuring alternatives. While the company, co-headquartered in York and Milwaukee, noted there are no…