Exclusive: France’s EDF is gearing up to scale back on select overseas projects and trim its workforce, insiders tell Reuters. The energy giant is honing its strategy and streamlining operations to tackle growing financial pressures head-on
Browsing: corporate restructuring
Australia’s WiseTech is preparing for job cuts as it embarks on an ambitious AI-driven efficiency drive, set to transform operations and boost productivity like never before. The logistics software powerhouse is fast-tracking its shift toward automation to stay ahead amid intensifying market challenges
Deutsche Bank is shaking up advisory roles at its global investment bank, determined to sharpen leadership and elevate client services, Reuters reports. This bold move underscores the bank’s commitment to boosting efficiency amid ongoing market challenges
Continental’s recent split signals a daring transformation in Germany’s classic business approach, paving the way for greater specialization and agility in the automotive industry as it adapts to rapidly changing market demands
Altice France has made a bold move by filing for Chapter 15 bankruptcy protection in a U.S. court, seeking to safeguard its assets amid a tough financial landscape. This strategic decision is set to accelerate and simplify its cross-border restructuring process, the company confirmed
International Paper has revealed plans to shut down five packaging sites across the UK, driven by tough market conditions and rising operational costs. This decision affects multiple locations and marks a significant turning point for the regional packaging industry
A U.S. court has given the green light to Brazilian airline Gol’s ambitious restructuring plan, paving the way for the company to revamp its finances in the face of persistent economic hurdles. This pivotal ruling represents a significant milestone in Gol’s journey to stabilize its operations and secure a brighter future for growth
HSBC is gearing up to streamline its operations in France, announcing a significant 10% reduction in its workforce that will affect hundreds of jobs. This move is part of a larger strategy to enhance operational efficiency amidst the ongoing challenges faced in the fiercely competitive banking landscape.
Nissan has unveiled a bold move to trim its global workforce by 15%, as the iconic Japanese automaker faces escalating losses. This decisive action is part of a strategic effort to optimize operations in response to tough market conditions and evolving consumer preferences
In a bold move to enhance efficiency and streamline operations, Spain’s BBVA is considering a reduction of up to 2,500 positions as it integrates Banco Sabadell, according to a report by Expansion. This decision reflects the bank’s commitment to adapting in an increasingly competitive market.
In a dramatic turn of events, Brazil’s Voepass has sought bankruptcy protection as it navigates turbulent waters marked by ongoing disputes with LATAM Airlines and pressing safety concerns. This bold move underscores the airline’s battle to keep its operations afloat amidst a backdrop of financial uncertainty and regulatory hurdles.
Bar Louie, the popular bar and eatery chain, has announced the closure of over a dozen locations as it seeks Chapter 11 bankruptcy protection. This move comes amid ongoing financial challenges that have impacted many restaurants nationwide.