Invacare Corporation Takes Action to Strengthen Its Financial … – Yahoo Finance

Restructuring

Refinancing action will reduce net debt by approximately 65% Global manufacturing and delivery of products to continue uninterrupted to meet robust customer demand Strong sequential improvement achieved in preliminary 4Q22 financial results Executed strategic actions accelerating a renewed focus on core businesses ELYRIA, Ohio, February 01, 2023–(BUSINESS WIRE)–Invacare Corporation (NYSE: IVC) (“Invacare” or “the company”),…

Riviera – News Content Hub – DOF board: approve restructuring or … – Riviera Maritime Media

Restructuring

The board thinks the current proposal is a reasonable compromise that should receive a sufficient majority among the companys creditors and shareholders. But, if the proposal is not adopted, there will be no prospect the company will be able to achieve a reconstruction and the court will probably open bankruptcy after a report from the…

EV company Arrival to cut workforce by 50% in third restructuring effort – Yahoo Lifestyle Australia

Restructuring

Arrival is going through another restructuring this time led by a newly appointed CEO that will slash its workforce by about 50% as the the U.K.-based commercial EV company attempts to reduce operating costs and preserve cash. The company said Monday that Igor Torgov, former executive VP of digital at the company, has been hired…

EV maker Arrival to lay off half of its employees, names new CEO to effect restructuring – MarketWatch

Restructuring

Arrival ARVL, -2.47% said Monday that it will cut its global workforce in half, to about 800 employees, as it implements a restructuring aimed at cutting spending by about 50% to preserve cash. The stock was halted for news, until 9:00 a.m. Eastern. The Luxembourg-based electric vehicle maker also named Igor Torgov, a former Arrival…

Shell launches shake-up under new chief Wael Sawan – Financial Times

Restructuring

Shell plans to restructure the way it runs its hydrocarbons and renewables businesses as part of changes being made under new chief executive Wael Sawan to improve performance and bring the companys low-carbon initiatives into a single division. The moves, which include splitting Shells integrated gas, renewables and energy solutions division, represent the second internal…

Serta Simmons Bedding Takes Decisive Actions to Strengthen … – Business Wire

Restructuring

DORAVILLE, Ga.–(BUSINESS WIRE)–Serta Simmons Bedding, LLC (SSB or the company), one of the leading global sleep companies, today announced that the company is taking steps to strengthen its financial position as it continues to support long-term growth. SSB has entered into a Restructuring Support Agreement with key financial stakeholders that will significantly reduce the companys…

Newell Brands trades up following restructuring plans By Investing … – Investing.com Australia

Restructuring

Reuters. By Michael Elkins Newell Brands(NASDAQ:) is up almost 6% in mid-day trading after the consumer goods maker announced a restructuring and savings initiative labeled Project Phoenix. The initiative aims to strengthen the company by leveraging its scale to further reduce complexity, streamlining its operating model and driving operational efficiencies. The plan is expected to…

Newell Brands Announces Restructuring Program – Business Wire

Restructuring

ATLANTA–(BUSINESS WIRE)–Newell Brands (NASDAQ: NWL) today announced a restructuring and savings initiative, Project Phoenix, that aims to strengthen the company by leveraging its scale to further reduce complexity, streamlining its operating model and driving operational efficiencies. We are taking action to simplify and strengthen our organization by leveraging the scale and power of One Newell…