German carmaker Volkswagen is axing about 30,000 jobs over the next five years as part of a huge restructuring programme. The group confirmed the details in a press conference at 9:30 a.m. CET (8:30 a.m. GMT). Executives from VW said 23,000 of these jobs [that will be cut] will be from Germany. While VW said…
Germany’s business daily “Handelsblatt” reported Friday that automaker Volkswagen was planning to slash 30,000 jobs globally to prepare the Wolfsburg-based company for a better future after its massive emissions-cheating scandal. The report said their would be no compulsory redundancies, but jobs that would break away as the carmaker focused more on e-mobility and less on…
Staples is to disappear from the high street in the UK. Picture: Katie Collins/PA Wire Office stationery brand Staples is to disappear from the UK high street after its US owner sold the struggling business. The U… Read the full article at: http://www.edp24.co.uk/business/staples_stationery_to_be_erased_from_the_uk_after_restructuring_buyout_1_4780772
Plans for the Staples store estate and the impact on staff after the buyout are not yet known Office stationery brand Staples is to disappear from the UK high street after its US owner sold the struggling business. The UK arm of American firm Staples – which employs around 1,100 staff across 106 stores in…
Victorian milk brokering company National Dairy Products has appointed a voluntary administrator, a week on from farmer suppliers staging a mass exodus because they were owed money. NDP managing director Tony Esposito said he hoped Deloitte Restructuring Services would help to “restructure the business and continue on”. Along with farmers and transport companies…
BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–Mackinac Partners, a leading financial advisory, turnaround management and restructuring firm has expanded its practice with a new office in Boston, Massachusetts. The firm also announced the addition of highly accomplished turnaround and restructuring executive Matthew Pascucci to the firm as a Managing Director. Pascucci is based in Boston and joins Senior…
Univision Communications will lay off almost 6 percent of its workforce, or between 200 and 250 people, the Washington Post reports. The layoffs, on both the business and editorial sides, impacting staffers in both New York and Miami, are in response to difficult times, challenging times, said Isaac Lee, Univisions news, entertainment and digital chief.…
The Ruralco farm supplies, agency and water equipment group added 19 new business to its network during the past year. Hot on the heels of its $14.1 million management shake up to strip out excess costs, Ruralco has set itself a busy agenda to make up ground after reporting a 70 per cent net profit slump…
Restructuring within the Ruralco farm services company has eroded its 2015-16 after-tax profit to $4.2 million down from last financial years $14.1m. Although the rural agency and water services group posted strong results in its core traditional business, with rural supplies gross profits up 16 per cent to $118m and agency gross profits up 3pc…
Supermarket giant Woolworths today announced that Sally Macdonald has resigned as chief executive of the companys troubled Big W stores after less than a year in the role. The former CEO of luxury goods group Oroton joined Big W in January this year. She was known as a turnaround executive after taking Oroton back to…