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Tag: restructuring
Wolford axes more jobs amid restructuring
2017-10-19 12:05:00| Daily apparel & textile news and comment - from just-style.com
Austrian hosiery business Wolford is to axe a further 15 jobs as part of its cost reduction programme, which has already seen its workforce cut by 41 full-time positions since July.
Tags: jobs
restructuring
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axes
Oi bondholders reject revised restructuring plan
2017-10-16 08:03:00| Telecompaper Headlines
(Telecompaper) The major creditors of Brazilian operator Oi have reject the revised debt restructuring plan proposed by the company. According to the steering committees of the ad hoc group of Oi bondholders and the International Bondholder Committee, Oi's management and board have put forward a restructuring proposal that "appears to be driven by the objective of protecting and enhancing the interests of existing shareholders, to the detriment of the best interests of the company and other stakeholders". The plan, in the best case scenario, would result in a company that is not viable or sustainable, they said.
Tags: plan
revised
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restructuring
Sigma Designs announces Smart TV business restructuring
2017-10-11 23:00:07| Digital TV News
Sigma Designs (NASDAQ: SIGM) has announced restructuring activities intended to refocus its operating expenses and accelerate the return to profitability. The actions will focus on streamlining the companys Connected Smart TV Platforms business.
Tags: business
smart
designs
sigma
Seadrill announces restructuring plan to raise $1bn capital
2017-09-14 01:00:00| Offshore Technology
Offshore driller Seadrill has secured nearly $1.06bn of new capital after entering a restructuring agreement with more than 97% of its secured bank lenders, nearly 40% of its bondholders and a consortium of investors led by its largest shareholder, H
Tags: plan
capital
raise
announces
Debenhams trading director to depart amid restructuring
2017-09-12 16:14:00| Daily apparel & textile news and comment - from just-style.com
Suzanne Harlow, group trading director at Debenhams, is to leave amid the British department store group's restructuring efforts, which include the creation of three new business units.
Tags: director
trading
depart
restructuring
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