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Tag: reorganisation
Centric Brands reorganisation gets the green light
2020-09-21 18:19:00| Daily apparel & textile news and comment - from just-style.com
Apparel maker Centric Brands Inc intends to emerge from Chapter 11 bankruptcy protection by the end of October after its reorganisation plan received court approval.
Tags: light
green
brands
centric
Telenor Norway plans 170 redundancies in reorganisation
2020-03-06 09:28:00| Telecompaper Headlines
(Telecompaper) Telenor Norway said it will be making approximately 170 workers redundant, mostly at its headquarters in Fornebu. This is in the course of a reorganisation of its Norwegian operations, aimed at efficiency and modernisation. Petter-Borre Furberg, CEO of Telenor Norway, said it is migrating customers to new equipment in a major technology shift and that by 2023, its copper network will have been replaced by fibre and mobile connectivity.
Tags: plans
norway
telenor
reorganisation
Frontier mulls major reorganisation, including departure of CEO, filing for bankruptcy - report
2019-11-11 15:19:00| Telecompaper Headlines
(Telecompaper) Frontier Communications is in talks with advisors about its debt of USD 17.5 billion, Bloomberg reported, with sources saying creditors want Frontier to restructure and come out with a plan. This could include the company declaring itself bankrupt, a move which could take place in the first quarter of next year, before USD 300 million worth of interest becomes due in March, sources said. Some investors have argued that it would be better for the company to file for Chaper 11 sooner rather than later. The major restructuration plan would also include new management and a new CEO. Sources say Frontier has started looking for a possible replacement to Dan McCarthy, who has the company's CEO since 2015.
Tags: including
report
major
filing
Proximus reaches accord with trade unions about reorganisation
2019-11-07 14:50:00| Telecompaper Headlines
(Telecompaper) Belgian operator Proximus has reached an agreement with employee trade unions regarding the reorganisation plans it announced in January. At the time the company said 1,900 jobs would disappear. With the new plan, Proximus expects to limit the number of forced redundancies to 250-500. The company also announced that half of its total 225 partner points of sale will close.
Tags: trade
accord
reaches
unions
WarnerMedia confirms reorganisation, hires Greenblatt for HBO, direct-to-consumer ops
2019-03-05 08:58:00| Telecompaper Headlines
(Telecompaper) WarnerMedia has confirmed it is restructuring the company, reorganising teams around entertainment networks, live programming, content production and affiliate and advertising sales. The company has also confirmed a number of key executive appointments. NBC Entertainment chairman Robert Greenblatt will become the chairman of WarnerMedia Entertainment and Direct-to-Consumer. Greenblatt's responsibilities will include HBO, the linear cable networks TNT, TBS and truTV, and the Direct-to-Consumer business. He replaces Richard Piepler, who announced his resignation earlier this week.