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Brazil's Gerdau plans broad reorganization amid grim steel outlook

2015-07-14 14:21:01| Steel - Topix.net

Gerdau SA, the Americas' largest steelmaking group, announced on Tuesday a broad corporate reorganization that aims at taking better advantage of the firm's growing size in markets other than home turf Brazil amid weak demand and pricing for steel products. Under the plan, which the Porto Alegre, Brazil-based firm announced in a securities filing, Gerdau will pay 1.986 billion reais to buy out minority shareholders in four units, integrate South American operations outside Brazil in a single unit and merge the company's iron ore unit into its Brazil operations.

Tags: plans steel broad outlook

 

Walter Energy negotiating bankruptcy reorganization

2015-06-07 03:07:01| Industrial Machines - Topix.net

Hoover-based Walter Energy Inc. is reportedly in talks with senior lenders to negotiate a debt-reconstruction plan that could have the company filing bankruptcy before the end of the month. This includes a request for a debtor-in-possession loan that would allow the company to stay in operation while in bankruptcy.

Tags: energy walter bankruptcy negotiating

 
 

Elekta Announces Reorganization and Changes in Its Executive Management Team

2015-06-02 13:36:30| Appliances - Topix.net

Elekta today announced a reorganization of the Company to adapt to current market conditions and improve growth, profitability and efficiency, as well as changes in its Executive Management team. The new organization will be effective as of July 7, 2015.

Tags: management team executive announces

 

McCormick will take a $25 million hit on overseas reorganization

2015-04-20 19:09:16| Food - Topix.net

McCormick & Co. Inc. will spend $25 million to reshape its sluggish Europe, Middle East and Africa operations, it said Monday, predicting a 13-cent-per-share blow to earnings as it pays for cost-cutting moves.

Tags: hit million overseas reorganization

 

Shaw Communications reports smaller Q2 profit as reorganization effort continues

2015-04-15 00:51:36| Telecom - Topix.net

Shaw Communications Inc. says ongoing efforts to improve its customer care operations cut into its profit in the second quarter. The Calgary-based telecom and media company says it recorded $38 million of expenses related to severance and employee-related costs for about 1,600 affected employees.

Tags: reports effort communications smaller

 

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