Empire Cos. on Thursday announced a major restructuring initiative at its Sobeys retail chain aimed at reducing annual expenses by $500 million a year by fiscal 202. Dubbed Project Sunrise, and set to begin immediately the transformation will allow Empire to reinvest in its business and grow its sales and bottom line, CEO Michael Medline…
Shares in Pearson have soared as investors cheered a fresh set of restructuring measures unveiled by the education group ahead of its AGM on Friday. Pearson said it was looking at ways to save an additional £300m by the end of 2019 and that it has begun a strategic review of its US school publishing…
Shares in Pearson have soared as investors cheered a fresh set of restructuring measures unveiled by the education group ahead of its AGM on Friday. Pearson said it was looking at ways to save an additional £300m by the end of 2019 and that it has begun a strategic review of its US school publishing…
Shares in Pearson rose as much as 15 per cent after the education group unveiled a fresh set of restructuring measures, ahead of what is set to be a fiery annual meeting. The FTSE 100 group said it is looking at ways to save an additional £300m by the end of 2019, having already reduced…
LONDON Pearson (PSON.L), the global education company battling a downturn in its biggest markets, said it would cut more costs and consider selling its U.S. school courseware business in the latest attempt to restructure. Pearson, which has issued five profit warnings in four years after students in the United States started renting rather than buying…
Stellarton, dont panic. Sobeys isnt going anywhere. Weve been in business for 110 years. We have always been headquartered in Stellarton and we will always be headquartered in Stellarton, said Andrew Walker, senior vice-president of communications and corporate affairs for Empire Company Ltd., in an interview Thursday. The culture of this company is in our…
Terexs T 110 telescopic truck crane. Despite a sales decrease of 10 percent from the same period last year, Terex Corporation reports that the company sees encouraging signs in its first quarter earnings moving forward. For the first quarter, Terex reported net sales of $1 billion, down from 1Q 2016 sales of $1.1 billion. The…
It was one of the last mega-buyouts of 2008 before the financial markets meltdown, a corporate radio giant with some of Bostons most prominent investors behind it and a whopping $20 billion in debt. Clear Channel Communications Inc., now iHeartMedia Inc., ha… Read the full article at: https://www.bostonglobe.com/business/2017/05/03/restructuring-predicted-for-corporate-radio-firm/sGpqEUM8gjbwrameHahYNI/story.html
Q: My company just announced an upcoming restructuring. We wont hear anything for a few months, and my team is understandably on edge. Ive told some reports they have nothing to worry abouttheir role is vital to the division and they are excellent employeesbut Im not so sure about anyone anymore. What should I say…
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