Insolvency Guardian Media Centre
German software maker SAP AGs restructuring plan, announced in January this year, will end up eliminating around 80 jobs in Canada.
SAP will lay off 64 employees in Ontario and 15 in Quebec, reported IT World Canada, citing unnamed sources.
Most of the jobs facing the axe are at the companys research and development (R&D) units servicing the clients using the companys ERP software.
Few more jobs may be lost in British Columbia, stated the news portal.
The German multinational is restructuring its business after many of its clients started choosing cloud software rather than on-premise applications.
The restructuring, according to SAP, will help the company save up to US$1.28 billion annually from 2020 onward.
But it will also lead to…
Read the full article at: https://www.nearshoreamericas.com/sap-eliminate-nearly-80-jobs-canada-part-restructuring/
New York Media, the parent company of New York magazine, laid off 16 full-time staffers and an additional 16 freelancers or part-time employees as the publication restructures, chief executive Pam Wasserstein said in a memo to employees on Monday.
The cuts represent about 5% of New York Medias full time staff.
It has been a difficult day here, Wasserstein wrote in the memo obtained by CNN Business, adding that the change reflects tough decisions she had made with the management team over the last several months.
Wasserstein said the teams most impacted by the cuts were the video department, audience development team, and copy and fact checking.
As part of our long-term planning process, we took a hard look at our existing st…
Read the full article at: https://kbzk.com/cnn-business-consumer/2019/03/11/new-york-magazine-lays-off-staffers-as-publication-undergoes-restructuring/
This content is a press release from our partner ACCESSWIRE. The AP newsroom and editorial departments were not involved in its creation.
BOCA RATON, FL / ACCESSWIRE / March 12, 2019 / Americans are highly indebted. If you are in debt, you are not alone. As a debtor, you need to understand that you have rights. GM Law Firm LLC Delray Beach, FL will empower you to know your rights while they work with your creditors to negotiate a debt resolution solution.
One of the worst daily frustrations of being in debt is the constant calls from your creditors. You can tell your creditors that you will pay the soonest or you do not have the money, but they will keep calling.
By …
Read the full article at: https://www.apnews.com/ACCESSWIRE/dd42199937ab841f2facf844cb8d72cc
At Reeses flat, Florence informs him he cant stop her Hope will know the truth tonight. She knows Reese came all this way to keep her quiet and its not happening. Florence rehashes Reese stealing a baby for a gambling debt. She throws her cash at him and exclaims helping him was the worst decision of her life. Every time she closes her eyes, she sees Hope with her heart ripped out. Reese insists they both know who he is hes a good man who got caught up in something he couldnt control and was trying to protect Zoe. He protests that the truth cannot get out and becomes dramatic as he re-tells how he was forced to do the hardest thing he ever had to do. Zoe cries as he apologizes he could only think of keeping her safe. Flo argues with R…
Read the full article at: https://soaps.sheknows.com/the-bold-and-the-beautiful/recaps/536779/reese-convinces-zoe-to-keep-his-secret-leaving-flo-furious/
Adam Moss departure from New York Magazine is looking well-timed.
Just a few weeks after his resignation as editor in chief after 15 years, the magazine is embarking on an internal restructuring that has claimed the jobs of 16 full-time employees, equal to 5 percent of the full-time head count, and another 16 part-time employees or contracted contributors. A spokeswoman for New York said the layoffs focused on audience development/circulation, copy editing, fact-checking, production and video.
In some cases, the changes we are making reflect a need for new focus as we build our digital subscription business; in others, they reflect an overdue integration of print and digital staffs, the spokeswoman said. The restructu…
Read the full article at: https://wwd.com/business-news/media/new-york-magazine-restructuring-cuts-dozens-of-staffers-1203082194/
The Lieutenant Governors Office has been named a receiver of the defunct Real Legacy Assurance Company, which Lt. Gov. Tregenza Roach said Monday will ensure that outstanding claims filed by local policyholders can be paid.
During a news conference on St. Thomas, Roach announced that he had been appointed by the courts as ancillary receiver of the company, which means his office has taken control of all of Real Legacys assets as it begins the liquidation process. This includes a $500,000 statutory bond a deposit required of all insurance companies licensed to do business in the territory that can be used to cover the outs…
Read the full article at: https://stjohnsource.com/2019/03/12/lieutenant-governor-aoril-18-is-deadline-to-recover-real-legacy-assurance-claims/
Three men have been declared bankrupt for failing to pay 1.6m to the victims of the 1998 Real IRA Omagh bombing.
The High Court ruling in Dublin is the first time in the world that anyone has been declared bankrupt for refusing to compensate victims of terrorism.
The three are Michael McKevitt, Liam Campbell and Colm Murphy. They have also been ordered to pay the hundreds of thousands of euros in costs for the bomb victim…
Read the full article at: https://www.newsletter.co.uk/news/omagh-bomb-trio-declared-bankrupt-in-victims-legal-action-1-8845438
Three men found liable for the Omagh bombing have been declared bankrupt by the High Court after failing to pay damages to relatives of the victims.
The car bomb on a street packed with shoppers killed 29 people, including nine children and a woman pregnant with twins, in the Co Tyrone market town on August 15 1998 and was the biggest single atrocity of the Troubles. Some 220 others were injured. Police had inadvertently moved people towards the bomb after receiving inaccurate telephone warnings. Nobody has been convicted of the murders, for which the Real IRA claimed responsibility, although they said that they had not meant to kill civilians a…
Read the full article at: https://www.thetimes.co.uk/edition/ireland/alleged-omagh-bombers-declared-bankrupt-wtlh5wkpb
Less than a month afterBosasaannounced it was entering voluntary liquidation, it has turned to the courts to have that decision reversed, claiming it had been given bad advice.
The directors of African Global Operations, the company formerly known as Bosasa, filed an urgent application in the High Court in Johannesburg.
The company started its collapse when former chief operations officerAngelo Agrizzitestified at theZondo commission of inquiry.
The decision to liquidate was taken after the companys banks announced they would close its accounts at the end of last month, citing reputational risk.
In an affidavit, Bosasa board chairman Johannes Gumede said the board did not properly read the legal documents prepared to it by a legal consultant…
Read the full article at: https://www.iafrica.com/bosasa-requests-court-to-reverse-voluntary-liquidation/
Pursuant to Regulation 30 and any other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the First Meeting of the Committee of Creditors of M/s. Sejal Glass Limited will be held on Friday, March 15, 2019 at 3.00 P.M. at Edelweiss Asset Reconstruction Company Limited, Edelweiss House, 3rd Floor Off. CST Road, Kalina, Mumbai- 400 098.
This letter may be treated as communication under Regulation 30 and any other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sour…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/sezal-glass-limited-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article26510674.ece
photo credit: GettyGetty
Conflict is a natural part of life. It happens at home, in the community, and of course in our place of work.
So why is it we tend to consider conflict as something that should be avoided like the plague?
Author Liane Davey believes it shouldnt. In fact, in her new book, The Good Fight: Use Productive Conflict to Get Your Team and Organization Back on Track, she argues conflict is a natural and fundamental component to the organization. The book is an excellent field guide to not only help set the record straight about conflict; it provides practical, useful tips on how to get it right.
There are several terms Davey introduces upfront that helps to set the tone of the book. One of the …
Read the full article at: https://www.forbes.com/sites/danpontefract/2019/03/12/why-are-we-so-averse-to-conflict-the-good-fight-explains-why/
When Shoes of Prey launched in 2009, it became a tearaway success almost immediately.
But now, just one decade later, the customisable footwear company has become the latest victim of Australias struggling retail industry.
Shoes of Prey has just entered into liquidation, with Kelly Trenfield and John Park of FTI Consulting appointed as administrators yesterday.
On Sunday, co-founder Michael Fox broke the bad news in a post on Medium bearing the title The Shoes of Prey journey Ends.
In it, he cited the companys failure to gain traction in the mass market as well as its difficulty in competing with cheap Chinese manufacturers as two driving reasons behind the collapse.
Its a sad end for a company which was once prepped to scale into the $100ms…
Read the full article at: https://www.news.com.au/finance/business/retail/groundbreaking-footwear-startup-shoes-of-prey-goes-into-liquidation/news-story/7dd034ba8f9886ea175c2424921b6507