restructuring

US Small Business Administration Cuts Over 2700 Jobs as Part of Restructuring

2 months ago

The US Small Business Administration (SBA) has announced a significant reduction in its workforce, cutting approximately 2700 employees. This decision was made as part of a comprehensive restructuring aimed at improving the agency's operational efficiency and optimizing its functions.

Ford Announces Major Restructuring Plans for European Operations

2 months ago

Ford Motor Company, a leading automotive manufacturer, has unveiled its ambitious restructuring plan for its operations in Europe. This strategic initiative aims to address the challenges posed by the shifting automotive landscape, particularly in the wake of increasing competition and changing consumer preferences. The company's plan encompasses significant investments aimed at enhancing its product lineup and improving operational efficiency throughout the region.

Lotus Automobiles Announces Major Layoffs Amid Restructuring Efforts

6 months ago

Lotus Cars, the famed British sports car manufacturer, has revealed a significant reduction in its workforce, laying off approximately 200 employees as part of its ongoing restructuring plans. This move comes in light of the company's strategic shift aimed at enhancing efficiency and aligning its operations with future growth objectives.

Debt Harmony: Ghana Bondholders Back $13 Billion Restructuring Offer

8 months ago

Ghana's bondholders have agreed to the government’s debt restructuring proposal totaling $13 billion. This decision marks a significant step forward in the government's efforts to stabilize the economy and improve the country’s financial situation.

Lyft Announces Strategic Restructuring: Sells Bike Business and Cuts Jobs

8 months ago

Lyft has decided to undergo a significant restructuring, in which it will sell part of its bike rental business and cut jobs. This announcement is part of Lyft's efforts to streamline its operations and reduce costs amid growing competition in the transportation market.

Oriflame Restructures Subsidiaries to Attract New Debt

9 months ago

Swedish company Oriflame, known in the direct sales cosmetics sector, is taking significant steps to alleviate its financial situation. In its latest report, it was announced that the company is relocating its subsidiaries to jurisdictions that are less sensitive to bondholder requirements. This move is connected to the need to attract new borrowing to stabilize the business, which is under pressure from rising financial obligations and changing market conditions.