Downer is a diversified company with a range of divisions including mining, engineering, construction and transport. It manufactures and maintains trains and trams, builds bridges and maintains power stations. Via Spotless it also has a major asset maintenance, cleaning and laundry management business. Management also updated the market on the company’s 2020 full-year results, forecasting…
July 20, 2020 13:35 ET | Source: Feronia Inc. TORONTO, July 20, 2020 (GLOBE NEWSWIRE) — Feronia Inc. (Feronia or the Company) (TSX-V: FRN) today announces that, further to its announcement on May 22, 2020 and the subsequent third party sale process announced on June 2, 2020, it has today entered into a definitive purchase…
LONDON The Stella McCartney business is retrenching and restructuring in the wake of COVID-19, with the designer herself leading the way. According to a memo penned by chief executive officer Gabriele Maggio, and seen by WWD, the company is planning to lay off some staff; is asking others to reduce their salaries for an extended…
Summary The coronavirus pandemic has hurt countless companies and forced them to rethink on their business strategies and restructuring plans. Amid shrinking demand, stalling of operational activities, and growing uncertainties, several companies took steps to reduce their cost base. At the same time, many divested their non-core asset or non-core business to focus on their…
By Alex Lennane 20/07/2020 Etihad Cargo has enjoyed three successive months of more than $100m in revenue, but Abdulla Mohamed Shadid, MD cargo and logistics, is to step down in November, according to a source at the airline. In a note to staff seen by The Loadstar, Mr Shadid said that the cargo arm was…
UK High Street stalwart Marks and Spencer is to cut hundreds of jobs as coronavirus continues to hit trading. The retailer said 950 store management and head office jobs were at risk because it needed to accelerate its restructuring. A spokesperson said the move marks “an important step” in it becoming a “stronger, leaner” business.…
Air Serbia has commenced intensive communication with special purpose vehicles set-up by Etihad Airways in 2015 called Etihad Airways Partners I BV and Etihad Airways Partners II BV, over the restructuring of its multi million dollar debt. The carrier previously informed the funding vehicle that due to the financial strain caused by the coronavirus Covid-19…
July 20, 2020 02:00 ET | Source: TECHNICOLOR multilang-release PRESS RELEASE The shareholders general meeting has approved the financial restructuring plan Implementation of the first tranche of the New Money facility for an amount of c. 240 million Paris (France), 20 July2020 Technicolor (EuronextParis: TCH; OTCQX: TCLRY) announces that, on the basis of information received,…
Up to 750 jobs could go in the proposed restructure of The Warehouse, the company’s chief executive officer says. Photo: RNZ / Nate McKinnon Staff were called to an 8am meeting today to hear the company’s plans. In a statement, chief executive officer Pejman Okhovat said the restructuring will mean cutting 500 to 750 jobs.…
TOT reworks management divisions Merger with CAT looms in January A man enters TOT headquarters on Chaeng Watthana Road. The state telecom plans to position itself as an infrastructure sharing provider. PATTARAPONG CHATPATTARASILL State telecom enterprise TOT plans to cut almost one-third of its 83 divisions and reduce its existing senior executive vice-president (SEVP) positions…