Image copyright Getty Images Kleenex-maker Kimberly-Clark has said it will close or sell 10 manufacturing plants and cut at least 5,000 jobs – about 12% of its workforce. The move comes as the Texas company struggles to lift sales. In the fourth quarter of 2017, sales rose by just 1%. Kimberly-Clark said the restructuring would…
Gambling has forever been linked to culture and is intrinsically connected to the history of the U.K. Though its form may have changed throughout the centuries, gambling has been a part of and has helped to shape society since prehistory, the Middle Ages and well into the modern day. Lets take a walk back in…
By Frederic Tomesco January 23, 2018, 10:08 AM EST Bombardier Inc. expects to see another year of 10 percent sales growth from its train segment as the Canadian manufacturer holds the line against bigger rivals from China and Europe. Rail-equipment orders outpaced deliveries last year, and the trend is likely to continue in 2018 with…
(Reuters) – Kleenex and Huggies maker Kimberly-Clark Corp said on Tuesday it expects to eliminate 5,000-5,500 jobs, or 12-13 percent of its workforce, as part of its global restructuring program. The company said it expects to close or sell about ten manufacturing facilities and would exit or divest some lower-margin businesses. The restructuring is expected…
(RTTNews) – While reporting its fourth-quarter financial results today, Kimberly-Clark Corp. (KMB) announced a new global restructuring initiative, which includes job cuts in a range of 5,000 to 5,500, or 12 percent to 13 percent of current headcount, as well as the closure or sale of about 10 manufacturing facilities. In addition, the company set…
There is insufficient research on what can tip a gambler towards destructive addiction.Credit: Simon Dawson/Bloomberg/Getty Pathological gambling is thought to affect as many people as autism and schizophrenia. It disrupts employment, relationships and health, and places an enormous burden on the state. It is the only behavioural addiction formally recognized by the American Psychiatric Association,…
Commissioner Margrethe Vestager, in charge of competition policy, said: “Polish Regional Railways has already benefitted from state support in the past. We need to assess whether the aid received is compatible with EU State aid rules and make sure that public support does not lead to distortions of competition in this market”. In September 2015,…
Cabify, the Madrid-based startup that competes with the likes of Uber and 99 in Latin America as well as Spain and Portugal, has closed out another round of funding as competition continues to heat up in the on-demand transportation sector. Cabifys parent company Maxi Mobility has raised $160 million at a valuation of $1.4 billion,…
Withers advises Indonesias Bumi on $4.5 bln restructuring deal | Asian Legal Business Withers advises Indonesias Bumi on $4.5 bln restructuring deal Withers has advised Indonesian mining giant Bumi Resources on deb… Read the full article at: http://www.legalbusinessonline.com/deals/withers-advises-indonesia’s-bumi-45-bln-restructuring-deal/75343
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, dated 23 November 2017, was promulgated by President RN Kovind to amend the provisions relating to the insolvency resolution process contained in the Insolvency and Bankruptcy Code, 2016. The ordinance has made several amendments in order to bring clarity to the resolution process under the code. Some…