Heidrick & Struggles on Friday said it will lay off 15 of its 200 employees in Chicago as part of a wide-ranging global restructuring expected to save the executive search firm $11 million to $13 million annually. All told, the Chicago-based company plans to cut its workforce of 1,600 employees by 70 people, or about…
On January 5th, the management team at Legacy Reserves (LGCY) made an interesting announcement. For months now, market participants have been expecting some sort of move in an effort for the business to restructure its finances and we are finally starting to see some progress after management said it repurchased some of its senior notes…
NEW DELHI: Rohit Gothi, executive director of market operations at beverage maker Coca-Cola‘s bottling partner, has put in his papers, a month after the company announced a large-scale restructuring of its business, which would make some jobs redundant. A spokesperson for Hindustan Coca-Cola Beverages Pvt. confirmed Gothi’s resignation. “Rohit Gothi has decided to pursue a…
St. George and MinneapolisApogee Enterprises, Inc., which provides distinctive solutions for enclosing commercial buildings and framing art, announced Friday details of the planned restructuring referenced in its December 21, 2017, third-quarter earnings release. As part of our initiatives to diversify and strengthen our business for more stable performance in any economic cycle, Apogee is making…
CHICAGO, Jan. 5, 2018 /PRNewswire/ — Heidrick & Struggles (Nasdaq: HSII), a premier provider of executive search, leadership assessment and development, organization and team effectiveness, and culture shaping services, today announced a restructuring plan to reduce overall costs and improve efficiencies in its operations over the next several months. The expected annual cost savings from the…
MINNEAPOLIS–(BUSINESS WIRE)–Apogee Enterprises, Inc. (Nasdaq:APOG), which provides distinctive solutions for enclosing commercial buildings and framing art, today announced details of the planned restructuring referenced in its December 21, 2017, third-quarter earnings release. As part of our initiatives to diversify and strengthen our business for more stable performance in any economic cycle, Apogee is making significant…
Henry Sanderson January 5, 2018 Michael Farmers Red Kite, which once dominated global copper markets, is being overhauled, according to filings at Companies House. RK Capital Management LLP, the management company that runs the Red Kite funds, is in the process of a restructuring review which may impact its activity in future years, the January…
Kline_Sheryl-2013 Picture 1 of 4 McCormick named IT manager The City of Newark announced James McCormick accepted the role of manager for its Information Technology (IT) team, succeeding Joshua Brechbuehl, who left the City. McCormick, who joins the City after serving as Chief Information Officer (CIO) for Caroline County, MD, for nearly two decades, will…
Olaf Storbeck January 4, 2018 The chief financial officer of South African furniture retailer Steinhoff International, Ben la Grange, stepped down from his role on Thursday in the latest blow to the stricken group since it became embroiled in an accounting scandal in December. The company said Mr la Grange would instead focus on the…
Ed Crooks January 4, 2018 Westinghouse Electric Company,the US nuclear engineering group that went into chapter 11 bankruptcy last year, has been sold by its owner Toshiba to Brookfield Business Partners, the private equity group, for $4.6bn. The deal is conditional on approval from the bankruptcy court and regulators around the world. Brookfield is funding…