Category Archives: Restructuring

Energy Sector Restructuring and Turnaround Guru Basil Karampelas Joins BDO Consulting – Business Wire (press release)

ATLANTA–(BUSINESS WIRE)–BDO Consulting, a division of BDO USA, LLP, one of the nations leading professional services organizations, today announced the appointment of Basil Karampelas as Managing Director in the firms Business Restructuring and Turnaround Services practice. Mr. Karampelas brings more than 25 years of experience in corporate restructuring and turnarounds to his new role, where…

GoJavas considering organisational overhaul involving layoffs, restructured business model – Economic Times

BENGALURU: Logistics firm GoJavas, which has suspended operations amid an impasse in its sale talks with Snapdeal, is considering an organisational overhaul involving layoffs and a restructuring of its business model, according to two people aware of the developments. The GoJavas management is discussing a proposal to switch to a franchisee business model wherein the…

ANZ business restructuring a work in progress – Money Management

ANZ chief executive, Shayne Elliott, has confirmed that the bank’s restructuring project is a work in progress at the same time as releasing a trading update revealing a three per cent decline in adjusted cash profit of $4.3 billion. The trading update for the nine months to 30 June, 2016, declared that profits before provisions…

Telecom lays off Denver workers in company restructuring – Denver Business Journal

. thinkstockphotos.com Some 59 Denver employees of Integra Telecom Holdings Inc. have been laid off as part of a split of the telecom into two businesses. … Read the full article at: http://www.bizjournals.com/denver/news/2016/08/06/telecom-lays-off-denver-workers-in-company.html

Benelli Fighting WP in Italian Court – Cycleworld

I recently received a bit of news that seemed to come like a bolt of lightning straight out of the blue sky: a sentence by the Court of Pesaro, Italy, declared that Benelli motorcycles was insolvent, the first step into bankruptcy. I had to dig into it and double check to believe it for myself.…

Takata profit drops 33% as airbag maker plans restructuring – Crain’s Detroit Business

August 05, 2016 8:45 a.m. Updated By Ma Jie and Masatsugu HorieBloomberg Takata Corp., the airbag maker behind the biggest automotive recall, said quarterly profit plunged by a third as the supplier drafted restructuring plans in the face of billions of dollars in potential costs related to its defective safety products. Net income fell to…

Goldman warns of Brexit restructuring – Financial Times

©Bloomberg Goldman Sachs has said the UKs vote to leave the EU could force it to restructure some of its UK operations, in one of the clearest signs from a major Wall Street institution that is preparing specific measures following the landmark vote. In a US regulatory filing on Thursday, Goldman which employs about 5,500…

India’s Suzlon to exit debt restructuring by March 2017 – chairman – Business Standard

By Promit Mukherjee MUMBAI (Reuters) – India’s Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman said on Thursday, a turnaround for a company that four years ago reeled under heavy debt after an ill-advised overseas expansion. Suzlon’s purchase of German wind energy firm RePower, now…

Virgin Australia dives to $225 million loss after restructuring – ABC Online

Related Story: Virgin Australia taps shareholders for $852 million, jobs shed in restructure Virgin Australia has plunged to a $225 million full-year loss, having bitten the bullet on restructuring its business and fleet. The vast bulk of the loss comes from $440.5 million in restructuring charges as the airline has sought…

Dollar Tree Announces Corporate Restructuring Related to Merger Integration – Business Wire (press release)

CHESAPEAKE, Va.–(BUSINESS WIRE)–Dollar Tree, Inc. (NASDAQ: DLTR), North Americas leading operator of discount variety stores, today announced that, as part of its ongoing efforts to integrate its support functions through a shared services model, the Company will eliminate 370 positions, including 100 vacant positions, at its Family Dollar store support center in Matthews, NC. This…