ATI Announces Restructuring Actions to Further Streamline Flat Rolled Products Operations – Business Wire (press release)

Restructuring

PITTSBURGH–(BUSINESS WIRE)–Allegheny Technologies Incorporated (NYSE: ATI) today announced the next phase in the restructuring of its Flat Rolled Products (FRP) operations with the reduction of approximately one third of FRPs salaried workforce through the elimination of over 250 positions. This workforce reduction will be completed by the end of the second quarter 2016. As a…

Havelock Europa chairman ‘pleased with progress’ after major restructuring – The Courier

Restructuring

Fife-based Havelock Europa restricted its loss to £600,000 last year after a restructuring and right-sizing which saw more than 100 staff leave the company. The Kirkcaldy shop fitting and interiors firm announced a major cost-cutting exercise in September last year in a bid to save £3 million on an annualised basis. The move involved cutting…

Ind-Ra puts Tata Steel on rating watch post business restructuring – Hindu Business Line

Restructuring

A general view shows the Tata Steel works in Scunthorpe, northern England. File Photo | Reuters India Ratings and Research has placed Tata Steel on rating watch following its announcement of restructuring European operations. While cutting down losses by curtailing overseas operations would be a credit positive for TSL, the uncertain timelines associated with this…

Victoria’s Secret laying off workers, restructuring to focus on lingerie and millennials – fox6now.com

Restructuring

Victoria’s Secret is laying off workers and restructuring its business to streamline its focus on its famous lingerie, with an eye towards Millennials. × Victorias Secret laying off workers, restructuring to focus on lingerie and millennials Victoria’s Secret is laying off workers and restructuring its business to streamline its focus on its famous lingerie, with an…

Ind-Ra puts Tata Steel on ‘rating watch’ post business restructuring – Deccan Chronicle

Restructuring

New Delhi: India Ratings and Research has placed Tata Steel on ‘rating watch’ following its announcement of restructuring European operations. “While cutting down losses by curtailing overseas operations would be a credit positive for TSL, the uncertain timelines associated with this goal could delay the expected recovery in its credit profile,” Ind-Ra said in a…

India Ratings Puts Tata Steel On Watch Post Business Restructuring – NDTV

Restructuring

New Delhi: India Ratings and Research has placed Tata Steel on ‘rating watch’ following its announcement of restructuring European operations. “While cutting down losses by curtailing overseas operations would be a credit positive for TSL, the uncertain timelines associated with this goal could delay the expected recovery in its credit profile,” Ind-Ra said in a…