Share this article Siemens Gamesa has initiated comprehensive measures for the operational restructuring of the company with the aim of achieving break-even by 2026 and then returning to profitable growth. As part of the long-term strategic development plan, the company will streamline its onshore business and focus on ramping up the capacities in the offshore…
The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the company boosted its outlook for the year. While Disney said Tuesday that it foresees its…
The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the company boosted its outlook for the year. While Disney said Tuesday that it foresees its…
Written by Cludio Afonso | [email protected] | LinkedIn | X Fisker GmbH, the Austrian entity of Fisker, announced on Tuesday its voluntary filing for a restructuring proceeding via self-administration under the Austrian Insolvency Code. Its relevant to highlight that the other entities are not involved in the Austrian restructuring proceeding and continue to operate normally. NEVER MISS AN UPDATE The…
Recent reports from tech publication Electrek revealed that electric vehicle manufacturer Tesla has initiated layoffs within its software, service, and engineering departments. This move comes in suit with the company’s announcement last month of a global workforce reduction exceeding 10 per cent, which included the dissolution of its electric vehicle charging division. Sources familiar with…
The business restructuring relief program under UAE’s corporate tax regime offers a wide scope for entities wanting to sign up. Image Credit: Vijith Pulikkal/Gulf News The UAEs economic growth coupled with the introduction of a competitive corporate tax regime is resulting in transformations across industries. We are seeing an increase in mergers, acquisitions and hive-offs.…
Corporate Restructuring Services are in high demand as businesses navigate economic challenges and seek to optimize operations. With expertise in strategic planning and organizational restructuring, these services help companies adapt to changing market dynamics, drive efficiency, and ensure long-term sustainability, fostering growth in the corporate restructuring market. Corporate Restructuring Service Market size is projected to…
Following our global cost efficiency announcement on 28 March 2024, Tecnotree has concluded its personnel-related restructuring, which started on March 14, 2024, and ended on May 02, 2024. This restructuring project encompassed personnel in Finland, India, Middle East, and rationalising the non-telco resources in North America, and has resulted in a total reduction of 116…
Global maritime company BW Group has unveiled plans to separate BW Energy as an oil and gas exploration business from its maritime businesses, as part of corporate restructuring process. BW Group currently owns 191,903,110 shares in BW Energy, corresponding to 74.38% of the issued and outstanding shares and voting rights in BW Energy. As part…
PARIS (Reuters) -Debt-laden French IT company Atos on Monday confirmed it had received four distinct offers from investors to restructure its debt and inject cash into the business, adding it would decide which one to pursue by the end of the month. The offers came from a consortium of Atos’ banks, from Atos’ largest shareholder…