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Tag: restructuring
Ahlstrom Announces Restructuring
2015-11-19 06:00:00| Nonwovens Industry Breaking News
Changes also made to executive management team.
Tags: announces
restructuring
ahlstrom
announces restructuring
Ahlstrom Announces Restructuring
2015-11-19 06:00:00| Nonwovens Industry Breaking News
Changes also made to executive management team.
Tags: announces
restructuring
ahlstrom
announces restructuring
VPG Announces Global Restructuring and Cost Reduction Plan
2015-11-17 09:02:45| Semiconductors - Topix.net
Company to take definitive action to improve overall efficiency and reduce costs, resulting in $6.0 million of expected savings )--Vishay Precision Group, Inc. , a leading producer of precision sensors and systems, today announced restructuring and cost reduction actions that are expected to improve overall efficiency by lower operating costs by approximately $6.0 million annually, beginning in 2016. The cost reduction steps have already begun and reflect recent market conditions.
Tags: plan
cost
global
reduction
Sprint restructuring: Four regional hubs, uniting sales channels
2015-11-14 06:58:06| IT Services - Topix.net
Sprint's restructuring is taking shape, and it will include the creation of four regional offices , Bloomberg is reporting according to a memo from CEO Marcelo Claure that it obtained. Each of the four regions will have a president who reports directly to Claure, with an eye to quality of service and customer retention in 19 major markets.
Tags: sales
regional
channels
sprint
Lenovo posts quarterly loss on restructuring costs
2015-11-12 09:12:00| Telecompaper Headlines
(Telecompaper) Lenovo reported a net loss of USD 714 million for its fiscal second quarter to September, compared to a profit of USD 262 million a year earlier. The result included USD 599 million in restructuring costs and a USD 324 million one-time charge to clear smartphone inventory. Lenovo said it was on track to realise around USD 650 million in cost savings in the second half of the fiscal year and USD 1.35 billion on an annual basis. Quarterly revenues were still up 16 percent year-on-year to USD 12.2 billion and rose 23 percent excluding currency effects, while the gross margin fell to 13.0 percent from 13.9 a year ago. The sales growth was largely due to the acquisition of Motorola, which helped the Mobile Business Group double revenues year-on-year to USD 2.7 billion. Motorola contributed USD 1.4 billion in revenue. However, the MBG's posted a pre-tax loss of USD 217 million for the quarter. The PC Group saw revenues fall to USD 8.1 billion, and pretax profit was down 17 percent to USD 406 million. Lenovo said it suffered from currency fluctuations, hurting demand in the EMEA region and Brazil. The Enterprise Business Group, which includes servers, storage and software, recorded sales of USD 1.2 billion, up 5.5 times from a year ago thanks to the acquisition of IBM's System x business, which contributed USD 900 million in sales. The enterprise division still had a pretax loss of USD 33 million.
Tags: posts
costs
loss
quarterly
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