Tag
Restructuring
6 articles
Volkswagen Board Approves Restructuring Plan, Eyes 50,000 Job Cuts
The supervisory board approved a transformation plan that could cut an additional 50,000 jobs, marking the automaker's most extensive restructuring in 89 years.
BitMart Reverses Shutdown Plan, Targets Sept. 9 Restart Roadmap
The exchange that announced wind-down last month hired White & Case and plans to detail restructuring and creditor payouts by Sept. 9, but faces employee wage claims and founder resistance to reserve disclosure
BitMart Reverses Course, Explores Creditor Payouts 5 Days Before Shutdown Deadline
The crypto exchange announced a restructuring plan and potential phased restart on Friday, abandoning its July 26 exit plan just days before the August 26 trading halt deadline
BitMart Reverses Shutdown, Plans Creditor Payouts Before Aug. 26 Deadline
The exchange abandoned its full exit plan five days before its trading halt, hiring restructuring counsel and signaling balance sheet issues that contradicts analyst calls for a market bottom.
Estée Lauder Deepens Restructuring to 10,000 Cuts, Raises Profit Guidance on Puig Deal Path
The beauty group expanded its cost-cutting program to eliminate up to 10,000 jobs and generate $1.2 billion in savings as merger talks with Puig advance and it shifts spending toward digital retail.
Nissan Posts First Quarterly Profit in Two Years on Restructuring Gains
Nissan Motor Co. earned ¥3.76 billion ($24 million) in the April-June quarter, its first net profit in two years, as asset sales and capacity cuts take hold.