The shutdown of businesses across the world to halt the spread of the coronavirus has led to a collapse in corporate income. Government support schemes, whether ad hoc bailouts or loan guarantees and employment subsidies, have helped shield some businesses from the worst of the storm. Many, however, are quickly approaching the crunch point when…
August 10, 2020 07:30 ET | Source: FTI Consulting, Inc. WASHINGTON, Aug. 10, 2020 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that 26 professionals from the firms Corporate Finance & Restructuring segment have been named to the Whos Who Legal: Restructuring & Insolvency Advisers 2020 list, up from 23 professionals in 2019.…
Image copyright AFP Sandwich chain Pret A Manger has confirmed that it has asked thousands of staff to work fewer hours, as part of a post-pandemic restructuring. Despite the easing of coronavirus lockdown restrictions, trading continues to be slow as many office workers are still at home. Staff in stores have been asked to work…
The Department of Education, Skills and Employment (DESE) have provided an update on the rules and expectations around the Employment Guarantee which is embedded as a key condition of participation in the current national Transition Package support measures as well as the new measures announced for Victoria last week. Specifically, providers who receive payments under…
Twenty-three postal executives were reassigned or displaced, the new organizational chart shows. Analysts say the structure centralizes power around DeJoy, a former logistics executive and major ally of President Trump, and de-emphasizes decades of institutional postal knowledge. All told, 33 staffers included in the old postal hierarchy either kept their jobs or were reassigned in…
Learfield IMG College, the multimedia business that owns broadcast rights for many of the countrys leading collegiate sports programs, is preparing for a possible financial restructuring as the coronavirus pandemic curtails athletics nationwide, according to people familiar with the matter. The company has tapped law firm King & Spalding LLP for advice on renegotiating its…
The transaction is being arranged through a pre-packaged administration sale of certain UK Travelex entities. Travelex, the airport foreign currency specialist, said it will complete its debt restructuring later today but more than 1,300 jobs will be lost in the process. The transaction will see a new Travelex group established with debts reduced to 160mln…
BOSTON–(BUSINESS WIRE)–Skillsoft Corporation (Skillsoft or the Company), a global leader in learning and talent management solutions, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Companys Plan of Reorganization. The Company expects to successfully complete its financial restructuring process and emerge from Chapter 11 in the coming weeks with…
After announcing in January that it would cut about 1,500 jobs in another restructuring, 3M has since moved to eliminate an additional 1,700 positions due to COVID-19 and the sale of its drug delivery business. During the second quarter, 3M committed to a restructuring directly related to the pandemic and its economic impacts, leading to…
After announcing in January that it would cut about 1,500 jobs in another restructuring, 3M has since moved to eliminate an additional 1,700 positions due to COVID-19 and the sale of its drug delivery business. During the second quarter, 3M committed to a restructuring directly related to the pandemic and its economic impacts, leading to…