News
BMW’s price restructuring: strategic self-rescue amid transition pains
In the past, the "Blue Sky and White Clouds" emblem of the BMW X5 symbolized undisputed prestige. Today, a gap of up to CNY150,000…
Tag
restructuring
Business
FMC to launch restructuring plan, targets plant closures and Asia cost cuts
Agrichemicals firm FMC said on Friday (Dec 12) that its board has approved a restructuring plan, aimed at cutting costs, shutting down…
Business
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
Business
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as…
Business
Volvo Cars to cut 3,000 jobs in restructuring
Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a…
Business
Nissan sees 750 billion yen loss as restructuring charges mount
Nissan Motor said it will post a net loss of as much as 750 billion yen (S$6.9 billion) for the fiscal year that ended in March as…
Business
Vietnam central bank preparing restructuring plan for troubled lender SCB
Vietnam’s central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank (SCB), the lender at the centre…
Business
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…
Business
Several key executives exit SingPost amid restructuring retrenchment
The company is left with group chief operating officer Neo Su Yin, group CFO Isaac Mah, acting CEO for the international business unit Gan…
Business
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 BBK HSBC on Tuesday (Feb 18) agreed to…
Business
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 market GENERAL…
Business
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…
Business
Private lenders set to take over Alacrity in debt restructuring
DIRECT lenders including Antares Capital, Blue Owl Capital and KKR are preparing to take over insurance claims manager Alacrity Solutions,…
News
Newmont cuts management jobs in major corporate restructuring
NEWMONT let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according…
Business
Stokes to close its less profitable stores in restructuring process
Canadian independent tableware and kitchenware retailer Stokes has commenced a restructuring process aimed at securing its future growth…