IKEA employees are reporting dissatisfaction with the furniture retailer over a policy it introduced across all of its US stores in 2017. Employees say that IKEAs O4G policy which restructures store workers roles has caused turmoil and dissent within its stores. Our objective was to empower our coworkers to meet our customers expectations in todays…
IKEA employees are reporting dissatisfaction with the furniture retailer over a policy it introduced across all of its US stores in 2017. Employees say that IKEAs O4G policy which restructures store workers roles has caused turmoil and dissent within its stores. Our objective was to empower our coworkers to meet our customers expectations in todays…
SINGAPORE (Reuters) – Singapore authorities are investigating Noble Group Ltd (NOBG.SI) for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $3.5 billion debt restructuring deal to prevent its collapse. FILE PHOTO: A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar Su…
Jack in the Box franchisees on Monday said they have filed a complaint with California state regulators over a planned restructuring in the way the franchisor manages some of the leases that it controls. The National Jack in the Box Franchisee Association, which represents 2,000 of the chains more than 2,200 restaurants, say it is…
LONDON (Alliance News) – Babcock International Group PLC said Monday cash costs in relation to an ongoing business restructuring programme are not expected to be material, in response a Sky News report regarding exceptional items likely to be incurred by the company in the first half. The engineering services company previously announced that it is…
Vodafone expects its long-suffering UK business to report stronger profits in the second half of the year as it reaps the benefits of a wide-ranging restructuring in its home market. The company has struggled for a decade in the UK as attempts to revive growth in its local mobile phone business have failed to bear…
By Tatsuya Sasaki / Yomiuri Shimbun Senior Writer The corporate history of JXTG Holdings, Inc. a major group of companies led by the largest petroleum company in Japan can be described as a history of restructuring. When and why is restructuring necessary? For this installment of Leaders, a column featuring corporate management and senior executives,…
Online fashion retailer Jabong is expected to lay off a significant portion of its workforce in Gurgaon as part of a restructuring at Flipkart Group, according to three sources familiar with the development. In all, Jabong, which was acquired by Flipkarts fashion unit Myntra in 2016, could lay off 40-50% of its 400-strong workforce. Walmart,…
Drake and Scull International (DSI) incurred a net loss of AED 498 million ($135.58 million) in the third quarter of the year, largely due to a restructuring effort that has seen it hand over its legacy projects, it was announced on Wednesday. In a statement, DSI attributed the operating law to the final phase of…
Tencent executives have told employees that the companys silo culture, which helped create its hugely successful WeChat product, will need to change to a more collaborative approach if it is to succeed in the future in areas such as AI and cloud computing. The Shenzhen-based company aims to break up in-house fiefdoms and promote more…