Tag #Economic Restructuring

Showing 13 to 15 of 15 results

theguardian.com

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Dec 4, 19:09

GM Writes Down $5 Billion in China Amidst Falling Sales

General Motors announced a $5 billion write-down of its China operations due to declining sales and increased competition from local Chinese automakers like BYD, resulting in a $350 million loss during the first three quarters of 2023; the company plans to restructure and reduce costs.

GM Writes Down $5 Billion in China Amidst Falling Sales

General Motors announced a $5 billion write-down of its China operations due to declining sales and increased competition from local Chinese automakers like BYD, resulting in a $350 million loss during the first three quarters of 2023; the company plans to restructure and reduce costs.

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What is the primary reason for GM's significant write-down of its China business, and what are the immediate consequences?

General Motors (GM) announced a $5 billion write-down of its China business due to restructuring and a revised business forecast. This non-cash charge reflects declining sales and increased competition from local Chinese automakers, resulting in a significant loss for GM in the region during the first three quarters of the year. The restructuring includes plans to reduce dealer inventory and improve sales.

welt.de

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Nov 5, 13:13

Dow Reviews German Plants Amidst Market Slowdown

Dow Chemical reviews four German plants, including the Schkopau site with a complex history, as part of a broader European restructuring.

Dow Reviews German Plants Amidst Market Slowdown

Dow Chemical reviews four German plants, including the Schkopau site with a complex history, as part of a broader European restructuring.

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What is Dow Chemical currently doing in Germany and why?

Dow Chemical is reviewing its European operations, including four German plants, due to a lack of significant market recovery in Europe and China.

tr.euronews.com

🌐 55% Global Worthiness

Nov 21, 13:11

Beko to Close Italian Factories, 1,935 Jobs at Risk

Beko Europe announces the closure of two factories in Italy, leading to significant job losses. The company plans to restructure its Italian operations, investing in research and development but impacting 1,935 employees.

Beko to Close Italian Factories, 1,935 Jobs at Risk

Beko Europe announces the closure of two factories in Italy, leading to significant job losses. The company plans to restructure its Italian operations, investing in research and development but impacting 1,935 employees.

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Decent Work and Economic Growth

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What is the company's plan for its future operations in Italy?

The company cited increased competition from Asian manufacturers and weak demand as reasons for the closures. They plan to invest €110 million in research and development in Italy, creating a center of excellence.

Showing 13 to 15 of 15 results