TORONTO , May 23, 2024 /CNW/ – STEER Technologies Inc. (“STEER” or the “Company“) (TSXV: STER), (OTCQX: STEEF), an integrated ESG technology platform, is pleased to announce strong Q1 2024 financial results with respect to Foodsup Inc. (“FoodsUp”), in which STEER holds a controlling 58.72% indirect equity interest. The Company is also pleased to announce the…
Australias largest telecommunications provider, Telstra, announced Tuesday that 2,800 jobs9 percent of the workforcewould be slashed by the end of the year. The first to go, in July, will be 377 workers in the companys enterprise division, where 472 positions were already slashed last year, but the restructuring operation will destroy jobs throughout the organisation.…
Administrators of Karlayura Contracting have been given more time to resurrect the Indigenous-owned business, which was working with BHP and Gina Rineharts Roy Hill Mining when it went under last month. Creditors on Tuesday voted to adjourn a decision on the business to enable administrators from WA Insolvency Solutions to pursue a possible restructuring and…
Last year we presented on the falling away of COVID measures for businesses, and the introduction of new and updated legislation for rescue processes across Europe. One year we are seeing steep rises in inflation, and in the UK we have just recorded negative growth in Q3 which means the UK is already in recession, and…
Toshibas privatization had been expected to lay the groundwork for sweeping changes, and the company duly made them this week in the form of mass job cuts and a new strategy. It announced on Thursday that it would cut up to 4,000 jobs as part of its restructuring. The storied company, which delisted in December…
Under Armour Inc.s (NYSE: $UAA) stock tumbled nearly 10% in pre-market trading Thursday but bounced back when the markets opened while the founder and CEO Kevin Plank explained the companys restructuring plans going forward during an earnings call. The Baltimore-based sportswear maker announced a grim 2025 outlook, announcing that sales in North America, its largest…
Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates its restructuring under new ownership. Toshiba delisted in December due to a $13 billion (2 trillion) takeover by a consortium led by private equity firm Japan Industrial Partners (JIP), capping a decade of scandal and upheaval. The consortium’s…
In a move that threatens to set a precedent across the tertiary education industry, Western Sydney University (WSU) has launched a wholesale restructuring and destruction of scores of jobs at WSU College, the universitys wholly owned feeder college. Western Sydney University [Photo: eminentedu.com] The educators and professional staff at WSU College face the elimination of…
More Aussie businesses are being driven to the brink of collapse, as the Australian Taxation Office (ATO) tightens the screws on outstanding debts. And theres more pain to come. More than 10,000 companies are expected to enter external administration by the end of the current financial year, ASIC predicts. That would mark a level not…
The logo of SK ie technology SK Group is driving forward with restructuring its battery business, including the sale of the management rights of SK IE Technology (SKIET), which produces separators for batteries. This move aims to support SK on, which is facing financial difficulties due to the sluggish growth of the electric vehicle market.…