Updated at 12:03 p.m. Generic drugmaker Mylan NV, which has been under fire for its price hikes on the life-saving EpiPen allergy treatment, said on Wednesday that it would restructure and expected to cut less than 10 percent of its global workforce as it integrates acquisitions. Mylan, whose shares were down more than 4 percent…
Dec. 5, 2016 11:21 a.m. ET General Mills Inc. said between 400 and 600 jobs would be eliminated in a restructuring as the struggling food giant works to adapt to changing food trends and prepare for an eventual new leader. The round of job cuts is just the latest from General Mills, which has had…
ORLANDO, Fla. (AP) SeaWorld Entertainment Inc. is eliminating 320 jobs across its 12-park company. Company officials said Tuesday in a statement that the goal of the restructuring is to eliminate costs and improve the company’s operations. The job eliminations involve both salaried and hourly workers. The company says it will offer severance packages and job-placement…
Greece just received some short-term relief from the eurozone. In exchange for successfully implementing tough economic reforms and budget constraints, the country will be given some short-term help in the form of smoothing its repayment schedule for EFSF debt and waiving an interest rate increase that was scheduled for 2017. We agreed the primary surplus…
Chip designer and Apple supplier Imagination Technologies is in demand after better than expected results and news that its restructuring is on track. The company said royalty revenues rose 6% and licensing revenues 7% in the first half, with earnings before interest and tax up 65% to £12.2m. It has sold its Pure radio business…
By: PTI | Published:December 6, 2016 12:33 pm Paytm Wallet business will move to payments bank while One97 will be managing the sales part for the wallet business. One97 Communications, the firm that owns Paytm, is restructuring its business ahead of the launch of its Payments Bank, merging the wallet business with payments bank operation.…
Cypress Prepares for the Future with Business Transformation PART 9 OF 15 By Paige Tanner | Dec 5, 2016 3:12 pm EST Restructuring aimed at cost savings Cypress Semiconductor (CY) is on track to improve its gross margin to its target model of 50% through restructuring and merger synergies. The company announced its restructuring plan immediately…
General Mills says restructuring will cut 400-600 employees – Minneapolis / St. Paul Business Journal Please Sign In and use this article’s on page print button to print this article. … Read the full article at: http://www.bizjournals.com/twincities/news/2016/12/05/general-mills-to-cut-between-400-and-600-jobs.html
Shareholders at Independent News & Media (INM) have approved a capital restructuring that should pave the way for a resumption of dividends, after a stormy EGM in the Alexander hotel in Dublin. INM announced to the stock exchange, about two hours after the meeting closed on Monday afternoon, that two motions enabling a capital reduction…
NEW DELHI: The potential sale of Tata Steel UK’s Speciality Steel business to the Liberty House Group will help the embattled giant improve operational performance, Moody’s Investor Service said today. Last month, Tata Steel UK Holdings Ltd (TSUKH, a wholly- owned subsidiary of Tata Steel UK, announced that it had signed a letter of intent…