Tag #Restructuring

Showing 133 to 138 of 138 results

gr.euronews.com

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Nov 6, 13:04

Job Cuts Hit European Retail and Auto Sectors

Major job cuts announced by French grocery chain Auchan and German auto parts maker Schaeffler reflect challenges in retail and automotive sectors.

Job Cuts Hit European Retail and Auto Sectors

Major job cuts announced by French grocery chain Auchan and German auto parts maker Schaeffler reflect challenges in retail and automotive sectors.

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How many jobs is Schaeffler planning to cut, and why?

Schaeffler, a German automotive parts manufacturer, plans to cut 4,700 jobs across Europe, primarily in Germany, due to lower European car production and weakness in various industrial sectors.

news.sky.com

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Nov 5, 13:08

Thames Water's \u00a31.5 Billion Lifeline

Financial heavyweights offer a \u00a31.5 billion lifeline to Thames Water, Britain's largest water supplier, facing potential collapse due to debt issues. A battle ensues between bondholders, with a court hearing scheduled for December 17th.

Thames Water's \u00a31.5 Billion Lifeline

Financial heavyweights offer a \u00a31.5 billion lifeline to Thames Water, Britain's largest water supplier, facing potential collapse due to debt issues. A battle ensues between bondholders, with a court hearing scheduled for December 17th.

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What is the next major step in the process?

An initial court hearing is scheduled for December 17th to address the situation and determine the next steps in the restructuring process. The outcome will significantly impact Thames Water's future and the broader UK water sector.

lemonde.fr

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Nov 5, 13:18

Fret SNCF Restructuring and the Future of French Rail Freight

The restructuring of Fret SNCF, a French freight railway operator, due to European Commission rulings on state aid and its implications for the French rail freight market.

Fret SNCF Restructuring and the Future of French Rail Freight

The restructuring of Fret SNCF, a French freight railway operator, due to European Commission rulings on state aid and its implications for the French rail freight market.

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What is the planned future of Fret SNCF?

Fret SNCF, following years of dispute, will dissolve into two entities, Technis (maintenance) and Hexafret (freight), by January 1st, 2025. This decision followed a ruling by the European Commission after they determined that Fret SNCF received illegal state aid.

cincodias.elpais.com

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Nov 5, 13:06

MasOrange ERE: Voluntary Sign-Ups Fall Short, Union Disputes Arise

MasOrange's ERE plan faces union opposition as voluntary sign-ups fall short of expectations. Disagreements over the process and accusations of pressure tactics are prevalent.

MasOrange ERE: Voluntary Sign-Ups Fall Short, Union Disputes Arise

MasOrange's ERE plan faces union opposition as voluntary sign-ups fall short of expectations. Disagreements over the process and accusations of pressure tactics are prevalent.

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What are the conditions for pre-retirement under the ERE?

Pre-retirement options are available for workers aged 56-62 meeting certain criteria, with an 80% salary payment and social security contributions covered until age 63. Those over 63 receive the legal minimum severance.

sueddeutsche.de

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Nov 5, 13:15

Schaeffler Announces Major Job Cuts

Schaeffler to cut 4700 jobs in Europe to improve profitability, despite strong recent financial performance.

Schaeffler Announces Major Job Cuts

Schaeffler to cut 4700 jobs in Europe to improve profitability, despite strong recent financial performance.

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What is the primary financial goal of Schaeffler's restructuring plan?

The restructuring, costing \u20ac580 million, aims to achieve cost synergies from the recent Vitesco Technologies acquisition and improve the performance of its warehouse and industrial business.

lexpress.fr

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Nov 5, 13:23

Michelin Factory Closures in France

Michelin to close French tire factories, resulting in significant job losses.

Michelin Factory Closures in France

Michelin to close French tire factories, resulting in significant job losses.

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What support will be provided to the affected employees?

Affected employees will receive support through job placement assistance, both within and outside Michelin, as well as early retirement options. The company also promises to create at least as many jobs as those lost in the affected regions.

Showing 133 to 138 of 138 results