KoreasenergyandtelecomconglomerateSKGroup SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., is spinning off its crude oil storage and shipment business to launch an independent oil storage and logistics company. SK Energy, Koreas largest oil refiner, said on Monday it approved the spin-off plan at a board meeting held…
Johnson & Johnson (J&J) subsidiary DePuy Spine, part of DePuy Synthes, recently announced that it will be laying off 67 employees from its facility in Monument, CO, according to an Oct. 30 WARN Act filing. The cuts come as J&J continues its two-year orthopedic business restructuring in a bid to improve its profitability. DePuy Spine…
By JAMES ANYANZWA CIC Insurance Group is trimming part of its workforce through a voluntary early retirement (VER)/programme as part of a five-year (2021-2025) corporate restructuring plan seeking to bolster competitiveness, improve operational efficiency and free more resources to lift the regional financial services conglomerate to a higher growth trajectory. The restructuring also focuses on…
Court action has become an indispensable tool in debt recovery again after years on the sidelines as the ATO and banks chase company obligations dating back years. Insolvency specialist Jirsch Sutherland said companies were being reinstated to pursue legacy debts many of which predated the pandemic blindsiding directors who believed the liabilities had been shelved.…
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Acutus Medical is laying off approximately 160 employees in a restructuring that will leave it focused solely on meeting the manufacturing and distribution terms of its deal with Medtronic. The company went public in 2020, raising…
Proceedings have been initiated to commence a Court-supervised process to ensure the company’s stability, that the business continues critical services to customers, and to protect the interests of all stakeholders Crown Crest Leasing Group will receives a commitment for $15 Million in new financing to support business operations during the process This process will have…
Acutus Medical, Inc. CARLSBAD, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) — Acutus Medical, Inc. (Acutus or the Company) (Nasdaq: AFIB), today announced a realignment of resources and corporate restructuring. Scott Huennekens, Chairman of Acutus, commented, Following an extensive strategic review by the Companys Board of Directors, we are taking the hard but necessary steps to…
Loading… Loading… Loading… CARLSBAD, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) — Acutus Medical, Inc. (“Acutus” or the “Company”) AFIB, today announced a realignment of resources and corporate restructuring. Scott Huennekens, Chairman of Acutus, commented, “Following an extensive strategic review by the Company’s Board of Directors, we are taking the hard but necessary steps to streamline…
Acutus Medical today announced it will be cutting its workforce by 65% as part of a corporate restructuring to move the company into a contract manufacturing business. The shift, Scott Huennekens, Chairman of Acutus, said, came after an extensive review by the companys board of directors in an effort to streamline operations. With the change,…
Acutus Medical (Nasdaq:AFIB) announced today that it will lay off 65% of its workforce as part of a major restructuring. The Carlsbad, Californiabased companys most recent annual report lists 225 workers at the end of 2022, which means the layoff could involve roughly 146 workers. Restructuring will involve winding down Acutus Medicals EP mapping and…