Officials from the Communication Workers Union (CWU) and the Communications Electrical Plumbing Union (CEPU) are attempting to stifle mounting opposition to a pro-business restructure at Australia Post (AP), which threatens thousands of jobs and is already sharply increasing workloads. In recent weeks, Shane Murphy, the national president of the CEPUs communications division, has held meetings…
The scale of corporate restructuring could surpass financial-crisis highs on a swelling pile of junk-rated debt,BlackRock said Monday. Sub-investment grade debt outstanding ballooned to $US5.3 trillion since 2007. The coronavirus pandemic only exacerbated the growth, as the Federal Reserves bond purchases revived the credit market and companies rushed to raise cash. Yet the pandemic also…
October 20, 2020 07:00 ET | Source: Crystal Peak Minerals Inc. TORONTO, Oct. 20, 2020 (GLOBE NEWSWIRE) — Crystal Peak Minerals Inc. (Crystal Peak or the Company) (TSXV: CPM, OTCQB: CPMMF) announced that it has completed the restructuring with EMR Capital Investment (No. 5B) Pte. Ltd., an affiliate of EMR Capital Resources fund 1, LP…
ITV is to undergo a restructuring to its broadcast business while also exploring the reduction of its presence in London as the British commercial broadcaster struggles to overcome challenges associated with the COVID-19 pandemic. As part of the new organizational structure, the network is establishing a new Media and Entertainment division that will encompass a…
AECOM has announced the closing of the sale of its Power construction business to affiliates of CriticalPoint Capital, LLC. Terms of the deal were not disclosed. The Los Angeles, California-based infrastructure consulting firm, which this month announced a restructuring plan, earlier this year closed on the $2.4-billion sale of its Maryland-based Management Services businesswhich provides…
Appointments A mid-tier has bolstered its business restructuring team with the hire of a former big four director as it braces for a wave of insolvencies in the coming months. Appointments Jotham Lian 15 October 2020 1 minute read object(stdClass)#15698 (8) { [“image_intro”]=> string(0) “” [“float_intro”]=> string(0) “” [“image_intro_alt”]=> string(0) “” [“image_intro_caption”]=> string(0) “” [“image_fulltext”]=>…
Member Article BUSINESSES struggling to recover in the wake of the COVID-19 pandemic are opting for restructuring rather than redundancy. And a leading Sheffield financial expert is warning that the tough choice will see more companies closing their doors as the furlough scheme comes to an end and they may be facing forced closures and…
Text size Alexander Kirch/Dreamstime Walt Disney announced on Monday that its restructuring its media and entertainment segments to place a greater emphasis on its growing streaming business. The company is in the midst of a transformation from a television and movie theater-driven distribution model to a direct-to-consumer business that would rival Netflix. Disney stock (ticker:…
Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company’s media business. On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and…
Malaysia Airlines is prepared to shut down if ongoing talks with leasing companies about a restructuring plan fail, The Edge Malaysia cited the national carriers chief executive officer as saying. A sizable number of creditors support the companys plan, some are against it and others are still undecided, airline CEO Izham Ismail told the business…