Showing 73 to 84 of 117 results
OpenAI to Restructure into For-Profit Public Benefit Corporation
OpenAI, the $157 billion startup behind ChatGPT, plans to restructure into a for-profit public benefit corporation in 2024 to attract more investment for its artificial general intelligence (AGI) research, a condition of its recent $6.6 billion funding round.
OpenAI to Restructure into For-Profit Public Benefit Corporation
OpenAI, the $157 billion startup behind ChatGPT, plans to restructure into a for-profit public benefit corporation in 2024 to attract more investment for its artificial general intelligence (AGI) research, a condition of its recent $6.6 billion funding round.
Progress
36% Bias Score
Death of French Industrial Leader Didier Pineau-Valencienne at 93
French industrialist Didier Pineau-Valencienne, former CEO of Schneider Electric, died at 93; known for both his business acumen and controversies, he transformed Schneider and faced legal issues.
Death of French Industrial Leader Didier Pineau-Valencienne at 93
French industrialist Didier Pineau-Valencienne, former CEO of Schneider Electric, died at 93; known for both his business acumen and controversies, he transformed Schneider and faced legal issues.
Progress
44% Bias Score
Stellantis to Boost Italian Auto Production with New Models
Stellantis announced plans to increase production at its six Italian auto plants by launching more than a dozen new models through 2032, including the Fiat Pandina and a hybrid/electric 500, in response to concerns about its commitment to Italy following the resignation of its CEO and new EU regulat...
Stellantis to Boost Italian Auto Production with New Models
Stellantis announced plans to increase production at its six Italian auto plants by launching more than a dozen new models through 2032, including the Fiat Pandina and a hybrid/electric 500, in response to concerns about its commitment to Italy following the resignation of its CEO and new EU regulat...
Progress
32% Bias Score
Evonik Restructures, Cuts Jobs, Appoints Women to Top Management
Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...
Evonik Restructures, Cuts Jobs, Appoints Women to Top Management
Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...
Progress
44% Bias Score
Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring
Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.
Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring
Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.
Progress
48% 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
Volkswagen Averts Plant Closures in Restructuring Deal
Volkswagen and its worker representatives reached a compromise to restructure the company, involving the reduction of over 35,000 jobs and a 25% cut in production capacity, while avoiding plant closures and extending job security until 2030, saving over €15 billion annually.
Volkswagen Averts Plant Closures in Restructuring Deal
Volkswagen and its worker representatives reached a compromise to restructure the company, involving the reduction of over 35,000 jobs and a 25% cut in production capacity, while avoiding plant closures and extending job security until 2030, saving over €15 billion annually.
Progress
44% Bias Score
Volkswagen Averts Strikes with 35,000 Job Cuts
Volkswagen averted mass strikes in Germany by agreeing to 35,000 future job cuts and capacity reductions, resulting in 15 billion euros in annual savings, following 70 hours of negotiations and major worker strikes.
Volkswagen Averts Strikes with 35,000 Job Cuts
Volkswagen averted mass strikes in Germany by agreeing to 35,000 future job cuts and capacity reductions, resulting in 15 billion euros in annual savings, following 70 hours of negotiations and major worker strikes.
Progress
40% Bias Score
Brose to Cut 700 Jobs Amidst Revenue Shortfall
German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...
Brose to Cut 700 Jobs Amidst Revenue Shortfall
German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...
Progress
44% Bias Score
Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn
Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...
Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn
Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...
Progress
4% Bias Score
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
Showing 73 to 84 of 117 results