COPENHAGEN, Denmark (AP) Norways government said Friday it will give low-cost carrier Norwegian Air Shuttle a 1.5 billion kroner ($173 million) loan as long as the ailing company manages to raise at least 4.5 billion kroner ($520 million) from other investors. The government had put several conditions for participating in the Norwegian airlines restructuring, including…
Keppel has announced that it is restructuring its Offshore & Marine (O&M) business so it will be well-placed to support the energy transition. In a statement issued yesterday (28 January), Keppel said that the company will be restructured into three parts, separating construction and ownership of legacy drilling rig assets from its core yard operations…
BENGALURU: Wipro CEO Thierry Delaporte’s reorganisation of the company structure has resulted in some 75 senior VPs and VPs and 300 general managers exiting the firm in the past few months.TOI reported details of the planned reorg in November. One of its objectives is to reduce the number of layers in the firm as part…
Generali has announced that it has undergone an organisational restructuring, with several new appointments to support the major change. The restructuring was proposed by Generali Group CEO Philippe Donnet, and was approved by the companys board of directors during a recent meeting. A release said that the new organisational structure is designed to address key…
Speedcast International Limited, a major provider of satellite connectivity to the cruise industry, has announced that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas According to a press release, this confirmation definitively clears the path for the company to successfully complete the Chapter 11 process…
Business Standard People in the know said the government was examining measures like the strengthening of the Central Economic Intelligence Bureau (CEIB) Topicsrevenue department|Income Tax department|CBDT Dilasha Seth | New Delhi Last Updated at January 27, 2021 06:10 IST The government is planning to restructure the revenue department, following administrative reforms such as faceless assessment…
GREENFIELD – Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) says it will cut about 350 jobs globally as part of an ongoing restructuring effort. The company says the move aims to improve operational efficiency following the $7 billion acquisition of Bayer Animal Health last year. The news comes about four months after the company announced…
Diamond Offshore Drilling, Inc. announced Monday that it has entered into a plan support agreement with holders of over 70 percent of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction. The deal will significantly deleverage the companys balance sheet and position the business for future growth, according…
Global management consultancy FTI Consulting has installed Vincent Fok as the new Head of its Corporate Finance & Restructuring segment in Asia. Vincent Fok brings more than two decades of experience in corporate recovery, corporate restructuring and transaction advisory to the role. He succeeds John Batchelor, who led the division for the past five years…
Speculation recently began to spread that Konami was abandoning its game development divisions, but the publisher insists that’s not true. In an announcement about internal restructuring, Konami divulged plans to dissolvea few of its Production Divisions, leading many to believe the publisher had abandoned gaming-related efforts; according to Konami, though, such speculation is inaccurate. Konami’s…