China Launches Unprecedented 10-Trillion-Yuan Debt Management Initiative
China launched a 10-trillion-yuan debt management initiative to resolve local government hidden liabilities, aiming to reduce the total from 14.3 trillion yuan to 2.3 trillion yuan by 2028 through special bonds, relaxed restrictions on special-purpose bonds, and continued repayment of existing debts...
China Launches Unprecedented 10-Trillion-Yuan Debt Management Initiative
China launched a 10-trillion-yuan debt management initiative to resolve local government hidden liabilities, aiming to reduce the total from 14.3 trillion yuan to 2.3 trillion yuan by 2028 through special bonds, relaxed restrictions on special-purpose bonds, and continued repayment of existing debts...
Progress
48% Bias Score
Continental to Spin Off Automotive Division by 2025
Continental, a Dax-listed company, will spin off its loss-making automotive division, employing almost 96,400 people, by the end of 2025, focusing on its profitable tire business to improve investor appeal, following years of financial losses and a current cost-cutting program eliminating 7,150 jobs...
Continental to Spin Off Automotive Division by 2025
Continental, a Dax-listed company, will spin off its loss-making automotive division, employing almost 96,400 people, by the end of 2025, focusing on its profitable tire business to improve investor appeal, following years of financial losses and a current cost-cutting program eliminating 7,150 jobs...
Progress
44% Bias Score
Airbus DS to Cut 2,043 Jobs Amidst Satellite Project Setbacks
Airbus Defence and Space is cutting 2,043 jobs globally by mid-2026, with significant losses in France and Germany, due to €1.6 billion in provisions from satellite development setbacks; the CGT union protests the plan, citing high workload and future projects.
Airbus DS to Cut 2,043 Jobs Amidst Satellite Project Setbacks
Airbus Defence and Space is cutting 2,043 jobs globally by mid-2026, with significant losses in France and Germany, due to €1.6 billion in provisions from satellite development setbacks; the CGT union protests the plan, citing high workload and future projects.
Progress
60% Bias Score
Airbus Cuts 2,043 Jobs in Defense and Space Division
Airbus reduced its planned job cuts in the defense and space division to 2,043 positions, affecting 689 jobs in Germany and 1,354 in other European countries, with no compulsory redundancies.
Airbus Cuts 2,043 Jobs in Defense and Space Division
Airbus reduced its planned job cuts in the defense and space division to 2,043 positions, affecting 689 jobs in Germany and 1,354 in other European countries, with no compulsory redundancies.
Progress
36% Bias Score
MMG to Cut 1,428 Jobs at CCF in Restructuring Plan
My Money Group (MMG) announced a plan to cut 1,428 jobs (36% of its workforce) at its French subsidiary, Crédit Commercial de France (CCF), reducing the number of agencies from 235 to 151, prioritizing voluntary departures but not excluding forced ones; the decision is based on geographic coverage, ...
MMG to Cut 1,428 Jobs at CCF in Restructuring Plan
My Money Group (MMG) announced a plan to cut 1,428 jobs (36% of its workforce) at its French subsidiary, Crédit Commercial de France (CCF), reducing the number of agencies from 235 to 151, prioritizing voluntary departures but not excluding forced ones; the decision is based on geographic coverage, ...
Progress
48% Bias Score
Baywa AG Announces Major Restructuring Amidst €6 Billion Debt and Bafin Investigation
Baywa AG, facing nearly €6 billion in debt and a record loss of €640 million in 2024, is restructuring with 40% administrative job cuts, 26 branch closures, asset sales, and a planned capital increase; the Bafin is investigating potential accounting irregularities.
Baywa AG Announces Major Restructuring Amidst €6 Billion Debt and Bafin Investigation
Baywa AG, facing nearly €6 billion in debt and a record loss of €640 million in 2024, is restructuring with 40% administrative job cuts, 26 branch closures, asset sales, and a planned capital increase; the Bafin is investigating potential accounting irregularities.
Progress
56% Bias Score
Continental to Spin Off Automotive Division by 2025
Continental, a German automotive supplier, will spin off its underperforming automotive division by the end of 2025, involving 7,150 job cuts and €400 million in annual cost reductions, to create a "leaner" company focused on its profitable tire business.
Continental to Spin Off Automotive Division by 2025
Continental, a German automotive supplier, will spin off its underperforming automotive division by the end of 2025, involving 7,150 job cuts and €400 million in annual cost reductions, to create a "leaner" company focused on its profitable tire business.
Progress
40% Bias Score
Celsa's Ownership Shift and Debt Restructuring
After a legal battle, Spanish steelmaker Celsa, previously controlled by the Rubiralta family, is now majority-owned by creditors led by Deutsche Bank and Anchorage Capital following a debt-to-equity conversion; the company is now focused on debt reduction and seeking a strategic partner.
Celsa's Ownership Shift and Debt Restructuring
After a legal battle, Spanish steelmaker Celsa, previously controlled by the Rubiralta family, is now majority-owned by creditors led by Deutsche Bank and Anchorage Capital following a debt-to-equity conversion; the company is now focused on debt reduction and seeking a strategic partner.
Progress
40% Bias Score
HMRC Weighs Opposing Liberty Steel Restructuring
Britain's tax authority, HMRC, is considering opposing a court-led restructuring plan for Sanjeev Gupta's Liberty Steel, potentially resulting in significant tax losses and impacting the company's future. Negotiations are ongoing, with a creditor vote scheduled for next year.
HMRC Weighs Opposing Liberty Steel Restructuring
Britain's tax authority, HMRC, is considering opposing a court-led restructuring plan for Sanjeev Gupta's Liberty Steel, potentially resulting in significant tax losses and impacting the company's future. Negotiations are ongoing, with a creditor vote scheduled for next year.
Progress
44% Bias Score
Baywa to Cut 1300 Jobs in Restructuring Plan
Faced with over €5 billion in debt and significant losses, Baywa AG, Germany's largest agricultural trader, is cutting 1300 jobs (16% of its workforce), closing 26 locations, and selling international holdings to restructure by the end of 2027.
Baywa to Cut 1300 Jobs in Restructuring Plan
Faced with over €5 billion in debt and significant losses, Baywa AG, Germany's largest agricultural trader, is cutting 1300 jobs (16% of its workforce), closing 26 locations, and selling international holdings to restructure by the end of 2027.
Progress
40% Bias Score
Baywa AG Announces Restructuring Plan to Address €5 Billion Debt
Baywa AG, facing a €5 billion debt and €640 million loss in 2023, announced a restructuring plan involving 40% job cuts at its Munich headquarters and the sale of international assets to secure €1 billion in funding and return to profitability by 2027.
Baywa AG Announces Restructuring Plan to Address €5 Billion Debt
Baywa AG, facing a €5 billion debt and €640 million loss in 2023, announced a restructuring plan involving 40% job cuts at its Munich headquarters and the sale of international assets to secure €1 billion in funding and return to profitability by 2027.
Progress
60% Bias Score
Cargill Announces 5% Global Layoff Amidst Strategic Restructuring
Cargill, facing low crop prices and a revenue drop to $160 billion in fiscal year 2024, is laying off 5% of its global workforce, primarily managerial roles, to streamline operations and cut costs; the impact on Canada is expected to be minimal.
Cargill Announces 5% Global Layoff Amidst Strategic Restructuring
Cargill, facing low crop prices and a revenue drop to $160 billion in fiscal year 2024, is laying off 5% of its global workforce, primarily managerial roles, to streamline operations and cut costs; the impact on Canada is expected to be minimal.
Progress
36% Bias Score