by Talk Business & Politics More layoffs{ }expected at Wal-Mart. (KATV photo) LITTLE ROCK, Ar. (Talk Business & Politics) Wal-Mart Stores is again scaling back its corporate workforce as the retailer reportedly will eliminate its jewelry business and decrease the number of co-managers per store, and reduce areas such as direct-store-delivery receiving, according to persons familiar…
Walmart is reportedly cutting 3,500 co-manager positions and adding 1,700 lower-paid assistant store managers. The restructuring comes the day after Walmart announced it will raise its starting hourly wages to $US11. Walmart also announced Thursday that it would close 63 Sams Club stores in a move that would impact roughly 9,400 employees. Walmart is reportedly…
By Press Association Published: 23:02 AEDT, 12 January 2018 | Updated: 05:32 AEDT, 13 January 2018 e-mail The crisis at Carillion looks set to deepen after it emerged that lenders to the construction giant effectively rejected a rescue plan proposed by the debt-laden group. The Press Association understands that a business plan tabled by the…
SHERMAN OAKS, Calif.–(BUSINESS WIRE)–Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries (together the Company or Woodbridge), today announced that the Company has taken decisive steps to transition the real estate development business away from an individual investor model to institutional financing sources in support of the restructuring of the business. Specifically,…
GKN is splitting its aerospace and automotive businesses in an effort to resist an unwelcome takeover approach from turnround specialist Melrose Industries that values the company at £8bn including debt. Shares in the FTSE 100 group soared on the back of the approach from Melrose, which has proposed an offer made up of 80 per…
SOFIA (Bulgaria), January 12 (SeeNews) – Bulgaria’s central bank said it granted an approval to the local branch of French bank BNP Paribas Personal Finance S.A. to succeed the rights and obligations of Sofia-based BNP Paribas Personal Finance EAD as part of the company’s restructuring plan in Bulgaria. The new branch will succeed the consumer…
Government and stakeholders are meeting over Carillion’s future (PA) Carillion knocked back over business plan as crunch meeting looms Independent.ie The crisis at Carillion looks set to deepen after it emerged that lenders to the construction giant effectively rejected a rescue plan proposed by the debt-laden group. https://www.independent.ie/world-news/carillion-knocked-back-over-business-plan-as-crunch-meeting-looms-36482070.html https://www.independent.ie/world-news/article36482069.ece/25d1e/AUTOCROP/h342/ipanews_c5bf7bf5-ff0a-4e19-85b7-2e7c1d46769c_1 Email The crisis at Carillion looks…
Buy Photo DocuTap in downtown Sioux Falls, S.D., Tuesday, June 7, 2016.(Photo: Emily Spartz Weerheim / Argus Leader)Buy Photo A health technology firm in Sioux Falls laid off multiple employees Wednesday. DocuTap confirmed the layoffs Thursday, although it didn’t confirm the number of employees who lost their jobs. “We did do a strategic restructuring yesterday,”…
Hainan Airlines Holding, the Shanghai-listed unit of debt-ridden HNA Group, said it is making plans that may involve a major asset restructuring, adding uncertainty to the outlook for its parent. Shares of Hainan Airlines were suspended from trading on Wednesday, at the request of the company pending an announcement. The suspension come one day after…
Tokyo (AFP) – As Japan celebrates the year of the dog, electronics giant Sony on Thursday unleashed its new robot canine companion, packed with artificial intelligence and internet connectivity. Old dog, new tricks: Sony unleashes ‘intelligent’ robot pet The sleek ivory-white puppy-sized “aibo” robot shook its head and wagged its tail as if waking from…