Tag #Restructuring

Showing 13 to 24 of 116 results

zeit.de
🌐 75% Global Worthiness
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VW Profit Plunges 31% Amid China Competition and Restructuring

Volkswagen's 2023 profit fell 31 percent to €12.4 billion due to intense China competition and high restructuring costs, including the Audi Brussels plant closure; the company is cutting its dividend and will reduce investment by €15 billion over the next 5 years but still aims for a 5 percent reven...

Progress

28% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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Ford Germany Receives €4.4 Billion Investment, Ends Debt Guarantee

Ford's German branch receives a €4.4 billion capital injection from its parent company, reducing its debt and ending a unique financial guarantee, while also investing several hundred million euros to boost business over the next four years; however, 2900 jobs will be cut in Cologne within three yea...

Progress

40% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Star Entertainment Averts Administration with \$53 Million Sale

Star Entertainment averted administration by selling its stake in Brisbane's Queens Wharf for \$53 million, securing a \$250 million bridging loan, and negotiating a larger loan facility; however, a competing offer from Bally's adds uncertainty.

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60% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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WH Smith Sells High Street Division, Focusing on Travel

WH Smith, a 231-year-old British retailer, is selling its 500 UK high street stores to focus on its thriving travel business, leaving only Alteri and Modella Capital as potential buyers; the sale is expected to be finalized in April, impacting approximately 5,000 employees.

Progress

40% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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Mercedes-Benz Announces Cost-Cutting Plan Affecting 91,000 German Employees

Mercedes-Benz announced a comprehensive cost-cutting plan with its works council, impacting 91,000 German employees through reduced compensation, increased temporary work, and a voluntary severance program, while extending job security until 2034 and targeting a 10% reduction in production and fixed...

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44% Bias Score

Decent Work and Economic Growth
nos.nl
🌐 65% Global Worthiness
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Dutch Police to Delegate Tasks, Prioritize Community Policing

The Dutch police will delegate tasks like permit issuance and event security to focus on core duties, increasing community engagement and improving efficiency, though it may affect response times to non-emergency calls.

Progress

44% Bias Score

Peace, Justice, and Strong Institutions
cnn.com
🌐 85% Global Worthiness
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Washington Post Reorganizes Newsroom to Boost Subscriptions Amidst Internal Conflicts

The Washington Post announced a newsroom reorganization to adapt to changing reader habits and increase profitability, including separating digital and print operations, expanding social media presence, and creating new commercial opportunities; however, recent owner-mandated changes to the opinion ...

Progress

40% Bias Score

Reduced Inequality
zeit.de
🌐 75% Global Worthiness
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Ford Germany Receives €4.4 Billion Capital Injection, Eliminates Debt Guarantee

Ford's German subsidiary receives a €4.4 billion capital injection from its parent company, reducing its debt by €1.4 billion and eliminating a 2006 debt guarantee, marking a shift towards greater financial independence while receiving additional funding to boost business operations over four years.

Progress

48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 65% Global Worthiness
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Hudson's Bay Restructuring: Gift Cards Active, Loyalty Points Suspended

Hudson's Bay, facing financial crisis and court-ordered restructuring, has temporarily suspended its loyalty program impacting $58.6 million in points; however, its $24.3 million in gift cards remain active.

Progress

40% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 85% Global Worthiness
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Telefónica Restructures Leadership, Appoints New CEO

Telefónica announced a major leadership overhaul on Thursday, appointing Emilio Gayo as its new CEO, replacing Ángel Vilá, and making several other key appointments across its divisions, including Movistar Plus+ and Telefónica Tech, following significant shareholder changes and to prepare for upcomi...

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Middle Management Decline: Automation and Restructuring Force Career Shifts

Large corporations like UPS and Amazon are eliminating thousands of middle-management positions due to automation and a drive for efficiency, forcing experienced professionals to adapt and seek new career paths in consulting, project management, entrepreneurship, or coaching.

Progress

36% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 75% Global Worthiness
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Elo Group Reports €1.2 Billion Loss, Plans Restructuring

Elo group reported a €1.2 billion net loss in 2024, despite a 1.6% sales increase to €32.3 billion, due to asset impairments and decreased profitability; Auchan, facing a social plan affecting 2,400 jobs, aims for a turnaround through price investments and asset sales, while Elo plans financial rest...

Progress

48% Bias Score

No Poverty

Showing 13 to 24 of 116 results