Dentsu International revealedin a Tokyo Stock Exchange filing on Monday that it will workto eliminate 12.5% of its46,560-person workforce, totaling aloss of about 6,000 roles, as part of its ongoing restructuring to reduceits agency brands from 160 to just six. The Financial Times first reported the job cuts. A Dentsu spokespersonattributed the staff cuts as…
8 December: In these uncertain economic times many organisations will be looking for support in restructuring their business. Ryan Grant, partner at BDO, says accountants looking for a new challenge can use their skills to make a difference and develop their career. If you like the idea of a dynamic, fast-paced working environment where you…
Capital restructuring services have been one of the important financial solution-based services in the last few decades and have seen stable growth in recent years. Restructuring services are used to address issues associated with insolvency, mergers, de-mergers, bankruptcies, liquidations, and distressed sales. These services are mainly focused to optimize business costs, repositioning & regaining control…
NEW YORK–(BUSINESS WIRE)–Duff & Phelps, the worlds premier provider of governance, risk and transparency solutions, today announced that it has signed a definitive agreement to acquire Borrelli Walsh, a leading specialist restructuring, corporate recovery, insolvency and forensic accounting firm. The combination of Duff & Phelps and Borrelli Walsh strengthens the firms restructuring offerings for clients…
Leon, one of Britain’s most prominent restaurant chains, has served creditors with a restructuring plan that includes a multimillion pound investment from shareholders to secure its future. Sky News has learnt that the company, which was co-founded by Boris Johnson‘s ‘food tsar’, Henry Dimbleby, circulated details of a company voluntary arrangement (CVA) to landlords and…
Our Business Restructuring special report, published in The Times, explores how to avoid short-term cuts and long-term losses, new ways retail brands are thriving, the pivot of sales teams during a pandemic, and more. The featured infographic looks at the near-term outlook for chief financial officers and what measures they are taking to shore up…
The proposed restructuring of Telstra is an exciting new challenge for the company. It will now all depend on the direction the execution will take. This is the thirdsignificant opportunity for Telstra to reinvent itself. The first time was in the late 1990s when the digital companies started to enter the market. At that time…
Effective talent management has never been more important than in such turbulent times when business restructuring has accelerated. The coronavirus pandemic has not only brought about a deep, global economic recession, it has also forced significant numbers of organisations to shift their business models, working practices and routes to market almost overnight. Companies have embraced…
When experienced finance leader Amrish Shah worked at Unilever, he faced the task of restructuring its central European ice cream business due to rapidly melting profits. Some companies may have concentrated only on cutting costs in such a perilous situation. But a cost-only focus would never have sufficed as it risked weak commitment or even…
By Reuters Staff 1 Min Read (Reuters) – Bodycote Plc said on Thursday it would carry out another restructuring, similar to the one in the first half that included more than 900 job cuts, as it expects the civil aerospace market to remain weak for at least the next 18 months. The heat treatment and…