Tag #Restructuring

Showing 37 to 48 of 200 results

sueddeutsche.de
🌐 85% Global Worthiness
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Thyssenkrupp Steel Agrees to Restructuring Plan with Significant Employee Concessions

Germany's largest steelmaker, Thyssenkrupp Steel Europe, and the IG Metall union agreed to a restructuring plan involving an eight percent average pay cut for 26,300 employees, 5,300 job cuts by 2028, plant closures, and reduced production capacity to address economic difficulties, high energy costs...

Progress

44% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Daimler Truck to Cut 5,000 German Jobs by 2030

Daimler Truck announced 5,000 job cuts in Germany by 2030 to improve profitability following a 5% drop in Q2 sales, aiming to save over €1 billion annually through the "Cost Down Europe" program, primarily using attrition and early retirement.

Progress

44% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 85% Global Worthiness
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Air France-KLM Acquires Stake in Restructuring SAS Airline

Facing bankruptcy in 2022, SAS, once a joint venture between Norway, Sweden, and Denmark, saw Air France-KLM acquire nearly 20 percent in early 2024 after a restructuring, with plans for majority ownership pending regulatory approval expected in the second half of 2026; Lufthansa's prior rejection d...

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36% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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Hundreds of NHS bodies to be scrapped under new health strategy

The UK government will scrap 201 NHS organizations in England, including Healthwatch England and the National Guardian's Office, to simplify the system and improve patient care as part of Labour's 10-year health strategy, also trialing a scheme to link hospital funding to patient satisfaction rating...

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56% Bias Score

Good Health and Well-being
news.sky.com
🌐 75% Global Worthiness
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River Island to Close Stores, Putting Hundreds of Jobs at Risk

River Island, facing a £33.2 million pre-tax loss and declining turnover, plans to close 33 stores and potentially 70 more to adapt to online shopping and rising costs, putting hundreds of jobs at risk and reflecting broader challenges for high street retailers.

Progress

40% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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Poundland to Close 68 Stores, Jeopardizing 1,000+ Jobs

Poundland, a British discount retailer, will close 68 stores and two distribution centers, impacting over 1,000 jobs, as part of a turnaround plan involving rent negotiations that could result in further closures, following its sale to Gordon Brothers.

Progress

40% Bias Score

Decent Work and Economic Growth
arabic.cnn.com
🌐 85% Global Worthiness
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State Department to Lay Off Hundreds Amidst Restructuring

The U.S. State Department will soon begin laying off up to 1,873 domestic employees as part of Secretary Rubio's restructuring plan, following a Supreme Court decision, despite concerns about weakening U.S. diplomacy during critical global conflicts.

Progress

40% Bias Score

Peace, Justice, and Strong Institutions
welt.de
🌐 75% Global Worthiness
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Daimler Truck Launches €1 Billion Cost-Cutting Program, Targeting Increased Profitability

Daimler Truck aims to increase its operating margin from 8.9% to over 12% by 2030 through a €1 billion cost-cutting program involving potential job reductions (around 5,000) and production relocation, following decreased 2024 profits and a competitive challenge by the supervisory board.

Progress

44% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 75% Global Worthiness
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SFR Sale Rumors Swirl Amid Altice France Restructuring

Altice France CEO Arthur Dreyfuss declined to deny rumors of a potential SFR sale amid Altice's financial restructuring, aiming to reduce its debt by €8.5 billion by ceding 45% equity. Employee concerns focus on job security and the future of the company.

Progress

44% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
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Spanish Football Federation Dismisses Entire Refereeing Committee Amidst Criticism

Following widespread criticism, particularly from Real Madrid, the Royal Spanish Football Federation dismissed Luis Medina Cantalejo and five other officials from the Technical Committee of Referees (CTA) on Thursday, announcing a complete restructuring of Spanish refereeing, with new leadership to ...

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40% Bias Score

Peace, Justice, and Strong Institutions
news.sky.com
🌐 65% Global Worthiness
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Poundland to Close 68 Stores, 1,350 Jobs at Risk in Restructuring

Poundland's new owner, Gordon Brothers, plans to close 68 stores and two distribution centers, impacting 1,350 jobs, to create a financially sustainable model after underperformance, with a focus shifting to profitable stores and rent reductions.

Progress

36% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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Poundland Sold for £1, Dozens of Store Closures Expected

Poundland, a UK discount retailer with 800+ stores and 16,000 employees, was sold for £1 to Gordon Brothers due to challenging trading conditions and increased competition, leading to expected store closures and job losses.

Progress

36% Bias Score

Decent Work and Economic Growth

Showing 37 to 48 of 200 results