AMSA initiates retrenchment talks as it pushes ahead with restructuring plan – Creamer Media’s Mining Weekly

Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it had initiated consultations with employees regarding its proposed business-restructuring programme, which could result in job losses. CEO Wim de Klerk said in a statement that it was premature to provide an estimate as to the number of employees who could be retrenched. However, it…

Air Berlin files for insolvency after Etihad withdraws support – Australian Business Traveller

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Tata Global’s restructuring initiatives could unlock value for investors – Moneycontrol.com

Anubhav SahuMoneycontrol research The earnings report from Tata Global Beverage revealed a continuation of improving profitability of its Indian operations and restructuring of the international businesses. Despite GST, the company witnessed growth supported by volumes. In our view, Tata Globals latest initiatives on restructuring are directionally positive steps. We believe that the latest developments have…

Cathay may be pressed to ‘cut costs further’ with estimated HK$1.2 billion loss for first half of year – South China Morning Post

Cathay Pacific Airways could face further pressure for another round of cost-cutting in the face of an estimated HK$1.2 billion in losses for the first six months of this year one of the worst results in its operating history, according to analysts. The figure was compared to a HK$353 million profit in the same period…

Nuverra Completes Successful Restructuring And Emerges From Chapter 11 With Over $70 Million In New Financing … – Markets Insider

SCOTTSDALE, Ariz., Aug. 11, 2017 /PRNewswire/ — Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) announced today that, on August 7, 2017 (the “Effective Date”), the Company and its material subsidiaries emerged from Bankruptcy protection under chapter 11 of the United States Bankruptcy Code.  Pursuant to their Amended Joint Plans of Reorganization (collectively, the “Plan”), which…