Summary There are specific industries which have been significantly hit by the crisis, such as the aviation industry, the travel, tourism and leisure and the hospitality sector British Airways will be undertaking restructuring plans to survive the crisis The company has entered into an agreement with unions which covers engineers and Heathrow staff, but not…
Wednesday, August 12, 2020 A comparison of the new Dutch Scheme and the new UK Restructuring Plan. Introduction The European restructuring landscape continues to evolve with the recent introduction of a new restructuring procedure (UK Restructuring Plan) into the United Kingdoms restructuring tool kit. The UK Restructuring Plan was enacted as part of the Corporate…
Jason Kilar Jason Kilar.WarnerMedia Kilar already had the power, but the restructuring was his first major display of it after taking the CEO job in May. His move to simplify the legacy studio’s sprawling media empire undid some key appointments by his predecessor and current boss, John Stankey, who runs AT&T. For instance, Kilar dismissed…
About 6000 Spotless staff, mostly casuals who worked for the group’s hospitality businesses which includes catering at the Melbourne Cricket Ground were stood down when the pandemic closed venues. Grant Fenn was paid $3 million in fiscal 2020, down from $4.7 million a year earlier. Louise Kennerley Downer will proceed to buying out the remainder…
ASX-listed 3D metal printing technology player, Aurora Labs, has now confirmed the appointment of Peter Snowsill as the companys new Chief Executive Officer after he served five months as the Acting CEO. Snowsill, who has more than 25 years of tech-based executive, engineering and project management experience, took the reins during a period of restructuring…
August 11, 2020 20:39 ET | Source: Pharmagreen Biotech Inc. CARSON CITY, NV, Aug. 11, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Pharmagreen Biotech, Inc. (OTC: PHBI), a company specializing in the development of highest quality tissue cultured starter plantlets for the cannabis and hemp industry, announced today that the Company has voluntarily filed for…
Transport services were the biggest contributor to Downer’s earnings in fiscal 2021, down 2.8 per cent to $242.4 million, followed by utilities services, where earnings dropped 16 per cent to $136.1 million. Downer is restructuring its business operations to wind down risky engineering and construction contracts, including solar, coal and iron ore projects, and focus…
Network Ten will axe local news bulletins in Adelaide, Brisbane and Perth in sweeping changes likely to be accompanied by widespread job cuts in three states. High-profile presenters Kerri-Anne Kennerley, Natarsha Belling, Tim Bailey and Mike Larkin will reportedly lose their jobs as part of the cost-cutting. Under a major restructure of its news operations,…
That need for discretion meant Mr Hodgkinson was reluctant to name any of the firms high-profile clients. But he did note he had played a role in helping billionaire Bruce Gordon buy a 50 per cent stake in National Rugby League club St George Illawarra Dragons in 2016. There is lots of demand [for our…
Hundreds of employees at WarnerMedia are being let go on Monday as part of a company-wide restructuring. Among the staffers being let go are Jeffrey Schlesinger, the president of Warner Bros. Worldwide Television Distribution. Ron Sanders, who served as president of Warner Bros. worldwide theatrical distribution and home entertainment as well as executive vice president…