Restructuring

Audi Group profit slumps on China weakness, plant restructuring
Audi Group profit slumps on China weakness, plant restructuring
November 5, 2024
VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a plant restructuring in Brussels dragged on returns. Operating...
SPH Media cuts 10% of tech employees in restructuring move in bid to stay sustainable
SPH Media cuts 10% of tech employees in restructuring move in bid to stay sustainable
November 4, 2024
THIRTY-FOUR or 10 per cent of SPH Media’s employees in its tech division across teams and ranks will be cut as the group aims to remain competitive and sustainable amid the...
Nestle announces restructuring, misses nine-month organic sales forecast
Nestle announces restructuring, misses nine-month organic sales forecast
October 17, 2024
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after failing to raise volumes amid...
Seven & i restructuring, profit outlook are in focus at earnings
Seven & i restructuring, profit outlook are in focus at earnings
October 10, 2024
SEVEN & i Holdings is set to report quarterly earnings at a critical time, with much of the focus on what it will say about restructuring and its profit...
Indonesia aims for US.5 billion restructuring at Krakatau Steel
Indonesia aims for US$1.5 billion restructuring at Krakatau Steel
September 27, 2024
THE Indonesian government aims to finalise a loan restructuring agreement between the nation’s biggest steelmaker Krakatau Steel and its lenders next month, sources said.The state-owned company and its banks...
China unveils new measures to boost M&A, restructuring
China unveils new measures to boost M&A, restructuring
September 25, 2024
CHINA’S securities regulator rolled out new guidelines to promote mergers and restructuring among listed companies as part of Beijing’s latest stimulus package to bolster the sagging economy. The China...
Warner Music to cut 750 jobs in restructuring push
Warner Music to cut 750 jobs in restructuring push
September 20, 2024
WARNER Music Group said on Thursday it would lay off about 750 employees, or 13 per cent of its workforce, as part of a revised strategic restructuring plan to...
Under Armour expects bigger charges from restructuring plan
Under Armour expects bigger charges from restructuring plan
September 9, 2024
UNDER Armour lowered its outlook for its current fiscal year, saying the company’s restructuring plan is going to cost more than management predicted.The athletic-wear brand said it decided to...
Nestle announces restructuring, misses nine-month organic sales forecast
Nestle chairman says no major restructuring planned after shake-up
August 23, 2024
NO major restructuring is planned at Nestle, following the Swiss foodmaker’s decision to replace chief executive officer Mark Schneider with company veteran Laurent Freixe, chairman Paul Bulcke was quoted...
GoPro to cut 15% of workforce in restructuring push
GoPro to cut 15% of workforce in restructuring push
August 20, 2024
ACTION camera maker GoPro said on Monday (Aug 19) it would cut about 15 per cent of its workforce this year, as part of a restructuring plan to reduce...