Last year we presented on the falling away of COVID measures for businesses, and the introduction of new and updated legislation for rescue processes across Europe. One year we are seeing steep rises in inflation, and in the UK we have just recorded negative growth in Q3 which means the UK is already in recession, and…
A worker of Viet Nam Rubber Group collecting rubber latex. Some 161 out of 256 agricultural and forestry companies completed their restructuring for operational efficiency. VNA/VNS Photo Vu Sinh H NOI Deputy Prime Minister L Minh Khi has asked for accountability to be enhanced to speed up and improve efficiency in restructuring agricultural and forestry…
As part of a restructuring plan intended to cut $1.5 billion in costs, Bristol Myers Squibb plans to cut about 6% of its workforce, according to the firm. The layoffs will affect approximately 2,200 Bristol Myers Squibb employees in 2024, according to a presentation given as part of the company’s first quarter 2024 results report. In…
Company expects to achieve $45-$50 million in annualized operating expense savings in fiscal 2025 Management to discuss first quarter 2024 financial results, restructuring and strategic initiatives on May 8, 2024 conference call SOUTH SAN FRANCISCO, Calif., April 25, 2024 (GLOBE NEWSWIRE) — Standard BioTools Inc. (Standard BioTools or the Company) (Nasdaq: LAB) today announced that…
TAMPA, Fla., April 24, 2024 /PRNewswire/ — Valcare Medical, Inc., a leading innovator in transcatheter-based mitral solutions, today announced a comprehensive corporate restructure aimed at accelerating the company’s plans to initiate the AMEND clinical studies following the recent company acquisition by TechWald Holding S.p.A. As part of the restructuring, TechWald has appointed Steve Sandweg to…
2023 was a tough year for the biopharma industry, with several companies downsizing and restructuring their workforces to stay afloat. There are signs of recovery, as mergers and acquisitions picked up across the pharmaceutical and life sciences industry in the latter part of 2023 and have continued their upswing into 2024. Will the job market…
PwC LLPs decision to end its experiment as a two-segment firm reflects pressure on the firm to address competitive labor trends and market conditions squeezing the accounting industry. Incoming Senior Partner Paul Griggs began to lay out his vision for the US firm last week, exerting his influence even before the start of his term…
To be eligible to enjoy the BRR, the transferer should be a taxable person By Mahar Afzal/Compliance Corner Follow us on Published: Sun 21 Apr 2024, 5:46 PM Business restructuring relief (BRR) is provided to businesses to facilitate their smooth operation by treating them as a transfer of a going concern, without any change in…
Johannesburg, South Africa 18 April 2024: The annual Deloitte Africa Restructuring Survey reinforces the importance of effective governance and robust financial controls to ensure business distress is detected early enough to take the necessary steps to protect or salvage the organisation. These governance and financial controls become increasingly important in the context of the recent…
Professional services firm Kroll has announced the appointment of Angela Barkhouse to its offshore restructuring practice. Barkhouse will head up the division, while also co-leading its growing business in the Cayman and British Virgin Islands. The Cayman Islands and British Virgin Islands are British overseas territories in the Caribbean, which hosts a zero-percent taxation policy;…