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Keywords: Restructuring
German automotive giant BMW has appointed Dorothea von Boxberg as its new board member responsible for human resources, as the company moves forward with a cost-cutting strategy following recent financial pressure. The appointment was announced on Thursday after approval by BMW’s supervisory board.......
Latvia's national airline airBaltic is seeking short-term financing from its bondholders as it works to stabilize its finances and reduce the risk of default, according to a company notice reviewed by Reuters. The state-controlled carrier has called a meeting of bondholders for August 3 to discuss......
Venezuela is approaching a pivotal moment in its long-running financial crisis as investors await a clearer picture of the country’s debt obligations and the potential scale of losses in what could become one of the largest sovereign debt restructurings ever attempted. The complexity of Caracas’......
Volkswagen's efforts to advance a broad restructuring plan remain clouded by uncertainty after high-level discussions with key stakeholders concluded without clear announcements on the company's proposed cost-cutting measures. A meeting of the German automaker's supervisory board ended late......
HSBC has launched a strategic review of its retail and domestic corporate banking operations in Turkey, as the British banking group continues efforts to simplify its global structure and focus on markets where it sees stronger growth potential. The lender said on Tuesday that it is evaluating all options......
German automotive supplier Continental AG has agreed to sell its ContiTech division to private equity firm Lone Star Funds in a transaction valued at approximately €4.6 billion, marking a major step in the group’s strategy to refocus on its core tyre business. The deal underscores ongoing......
The Fonderie de Bretagne (FDB) has been placed under court-ordered restructuring after entering insolvency proceedings, putting 245 jobs at risk as the company races to secure emergency funding and avoid liquidation. The decision was announced following a hearing at the Lorient Commercial Court, giving......
Comcast has announced plans to separate its operations into two independently listed public companies, marking one of the most significant restructurings in the global media and telecommunications industry in recent years. Under the proposed transaction, the company's entertainment and media assets......
British American Tobacco has announced plans to eliminate 5,500 jobs worldwide and transfer an additional 3,500 positions to strategic partners as part of a broad restructuring programme designed to accelerate the company's adoption of artificial intelligence and improve operational efficiency. The......