Unilever announces business restructuring, massive job cuts – Yahoo Finance

Consumer goods giant Unilever (UL) has unveiled a strategic restructuring plan that includes the spinoff of its iconic ice cream business. The company has also announced its intention to streamline operations by cutting 7,500 employees from its global workforce. Yahoo Finance’s Seana Smith and Brad Smith break down the details. For more expert insight and…

Talent management firm YMU sold for $76M after financial restructuring (Report) – Music Business Worldwide

YMU, the UK-based talent agency representing celebrities like Simon Cowell, Graham Norton, and Nicole Scherzinger, has been acquired by Permira Credit for GBP 60 million (approx. USD $76 million). The news, reported by Deadline on Monday (March 18), comes after YMU reportedly explored financial restructuring in June 2023 as it owes 70 million in debt…

Restructuring Report – Deloitte

Increasing complexity and growing challenges for the restructuring industry Market conditions are growing increasingly difficult as the restructuring wave reaches Germany. Many German companies are struggling as they are faced with the challenge of structural changes and a necessity to adapt their processes and strategies. At the same time, significant change in the financing sector…

Sweden's BRA completes latest bout of restructuring – ch-aviation

BRA – Braathens Regional Airlines (Stockholm Bromma) has completed its restructuring that it started last October, the airline announced in a press release. Several actions were taken to increase profitability, it said, while existing shareholders invested a further SEK114 million kronor (USD11.1 million) in the company to help with the process, which is similar to…

Healthscope calls in restructuring specialists – The Australian Financial Review

Street Talk Mar 13, 2024 12.37pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Canadian infrastructure giant Brookfields private hospitals business Healthscope has called in restructuring specialists, as health insurers tighten the screws on payouts. Healthscope CEO Greg Horan.  Oscar Colman…

PwC Australia implements further job cuts amid restructuring following scandal – WION

PwC Australia announced on Wednesday that it would undertake further job cuts, totalling an additional 329 positions, as part of a significant restructuring effort following a national scandal. This decision comes in the wake of a controversy where a former partner leaked government tax plans, leading to profound repercussions for the firm. The latest reduction…

Co-managers challenge improper consultation process amid redundancy – HRD Australia

They commenced their roles as Motel Managers with the employer on January 24, 2023. However, their employment was terminated on September 1, 2023, due to business restructuring and building renovations. They were provided with one week’s notice in lieu of the standard consultation process. Was there genuine redundancy? They argued that their redundancy was not…

Restructuring and turnaround strategy – Insider Monkey

What EY restructuring and turnaround strategy teams can do for you As part of EY-Parthenon, our financial and business restructuring professionals support EY clients, from design to delivery,  focusing on practical solutions that yield measurable results. Organizations across the globe are facing an unprecedented array of challenges. These threats come in many forms whether they…

A timely review of the effectiveness of Australia's restructuring and insolvency laws – Norton Rose Fulbright

The Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah ONeill, has handed down its final report into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy. The Committee has made some far-reaching recommendations in the Final Report,…