Restructuring
Coalition urges California attorney general to halt OpenAI’s for-profit restructuring
SAN FRANCISCO — A coalition of California nonprofits, foundations and labor groups are raising concerns about ChatGPT maker OpenAI, urging the state attorney general to halt the artificial intelligence startup’s...
Several key executives exit SingPost amid restructuring retrenchment
[SINGAPORE] Several executives of Singapore Post (SingPost) appear to have abruptly exited the company, with four of them in key roles, in the latest leadership changes at the national...
EY Australia to consider ‘targeted restructuring’ as difficult operating conditions persist
EY AUSTRALIA is considering cutting jobs as part of “workforce adjustments” to reflect challenging market conditions, with some targeted restructuring possible for “particular circumstances” in the near term, the...
HSBC to sell Bahrain retail banking operations as restructuring progresses
HSBC on Tuesday (Feb 18) agreed to sell its retail banking operations in Bahrain to the Bank of Bahrain and Kuwait (BBK) amid a global restructuring at the bank.The...
HSBC to sell Bahrain retail banking operations as restructuring progresses
The deal will see a transfer of retail loans, deposits and accounts of about 76,000 customers to BBKHSBC on Tuesday (Feb 18) agreed to sell its retail banking operations...
GM closing plant in China as part of restructuring
GM is restructuring its business in China, where domestic manufacturers backed by government subsidies have taken over the marketGENERAL Motors (GM) is closing a plant this month in the...
Estee Lauder expands restructuring plan with 7,000 job cuts, posts sales beat
ESTEE Lauder on Tuesday (Feb 4) expanded its restructuring plan that would include up to 7,000 job cuts and posted smaller-than-expected drop in second-quarter sales.
Shares of the company, which...
HSBC warns of bonus cuts as cost of restructuring looms
HSBC Holdings is set to buck an industrywide trend of higher banker bonuses as it gears up for a multibillion-US dollar cost reduction from an ongoing restructuring.
Some employees in...
