BAT to restructure business operations in Malaysia – New Straits Times Online

KUALA LUMPUR: British American Tobacco Bhd (BAT) will restructure its business operations by sourcing tobacco products for the local market from other BAT factories regionally. BAT, in a filing to Bursa Malaysia today, said the restructuring exercise would involve shutting down factory operations in Virginia Park, Petaling Jaya, Selangor. “Our unit, Tobacco Importers and Manufacturers…

China’s labour law under fire as restructuring threatens jobs – The Star Online

BEIJING: China’s labour protections are coming under fire from high places as economic restructuring pits officials concerned about social stability against a lobby arguing inflexible policies are stifling job creation and suppressing wages. Company executives, especially at foreign or private firms, have long been critical of labour contract legislation and minimum wage laws that make…

China’s labor law under fire as restructuring threatens jobs – STLtoday.com

BEIJING  China’s labor protections are coming under fire from high places as economic restructuring pits officials concerned about social stability against a lobby arguing inflexible policies are stifling job creation and suppressing wages. Company executives, especially at foreign or private firms, have long been critical of labor contract legislation and minimum wage laws that make…

Volkswagen Tries to Win Over Workers in Restructuring Spat – Bloomberg

Volkswagen AG Chief Executive Officer Matthias Mueller sought to win over workers to restructuring measures aimed at lifting margins at the embattled German carmakers namesake brand and helping weather the emissions-cheating scandal. After nearly six months of crisis and recent revelations that senior managers missed warning signs, workers are fighting to avoid footing the bill. That…

NA body approves Corporate Restructuring Companies Bill – Pakistan Today

The National Assembly Finance Committee on Friday unanimously approved the draft of the Corporate Restructuring Companies Bill, 2016. Member National Assembly Qaiser Ahmad Sheikh chaired the meeting. The bill is aimed at establishing a new business regime under which corporate restructuring companies are to be incorporated, licensed and regulated by the SECP to perform the…