John Holland, the Australian contractor owned by the China Communications Construction Company (CCCC), has announced jobs cuts and a restructuring of its divisions in the wake of a US$40m loss for 2019. The company has created a major projects division to handle jobs worth more than $1bn, and has hired former Carillion managing director Mark…
Careys to restructure as pandemic hits turnover – New Civil Engineer 16 Jun, 2020 By Catherine Kennedy Carey Group is to begin restructuring its business to cut costs and staff, with turnover falling as a result of theCovid-19 pandemic. You have read 1 of 1 free-access articles allowed for 30 – days. For further access…
June 15, 2020 07:00 ET | Source: African Gold Group, Inc. Danny Callow appointed as President and Chief Executive Officer; Scott Eldridge appointed as Non-Executive Chairman of the Board; Jan-Erik Back appointed as Vice-Chairman, Strategy of the Board; John Begeman appointed as Lead Independent Director of the Board; and Proposed change of name to Avion2…
June 15, 2020 00:01 ET | Source: African Gold Group, Inc. Danny Callow appointed as President and Chief Executive Officer; Scott Eldridge appointed as Non-Executive Chairman of the Board; Jan-Erik Back appointed as Vice-Chairman, Strategy of the Board; John Begeman appointed as Lead Independent Director of the Board; and Proposed change of name to Avion2…
(MENAFN – Trend News Agency) BAKU, Azerbaijan, Jun. 14 By Nargiz Sadikhova – Trend: Implementation of the project of Asian Development Bank (ADB) to support overall business restructuring and transformation plan of Samruk-Energy, Kazakhstan’s largest power generation company, is underway, ADB representative told Trend . The official said that ADB’s current non-sovereign loan portfolio in…
Nagoya Mitsubishi Aircraft Corp. will cut more than half of its 2,000-strong workforce in a restructuring move as the coronavirus devastates travel demand and delays continue to plague its regional jet project, a source close to the matter said. The aircraft-making subsidiary of Mitsubishi Heavy Industries Ltd. will also close its U.S. headquarters, a development…
Corporate reorganization or corporate restructuring, which are interchangeable terms, has become an increasingly relevant topic in Nigeria in the past year, owing to changes in government policies. (Some of the policies influencing corporate reorganizations include the upward review of the minimum share capital requirement of microfinance banks and insurance/reinsurance companies in Nigeria by the Central…
Bondholders in the troubled foreign exchange provider Travelex are pressing its syndicate of banks to enter talks about a restructuring after an emergency auction of the business stalled. Sky News has learnt that a group of debt investors which are being advised by the investment bank PJT Partners are pushing Travelex’s banks – which include…
[Ensure you have all the info you need in these unprecedented times. Subscribe now.] Roadrunner Transportation Systems was in the final steps in a multiyear financial turnaround effort when the coronavirus pandemic hit, forcing the company to confront the same economic challenges facing all of trucking while also seeing its plans through, a company executive…
The owner of British Gas has said it will cut 5,000 jobs as part of a major restructuring plan to turn around the company. Centrica says half of its 40-strong senior leadership team will step down by the end of August – and it also plans to strip out three layers of management to slimline…