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Keywords: Restructuring
Emirates NBD has signed a definitive agreement to acquire the retail banking business of HSBC Egypt, strengthening its position in one of the Middle East and North Africa region's largest banking markets. The transaction will be carried out through Emirates NBD Egypt, the Dubai-based banking group's......
French supermarket group Casino posted improved profitability during the first half of 2026, signaling continued progress in its financial recovery despite the challenges of a significant debt burden. The retailer also recorded a modest increase in second-quarter sales, reinforcing signs that its operational......
French technology consulting and digital services group Capgemini has upgraded its revenue outlook for 2026, pointing to accelerating demand for agentic artificial intelligence solutions despite a sharp decline in first-half profit caused by restructuring costs. The revised forecast reflects growing......
German automaker BMW is preparing to reduce its workforce by around 8,000 positions by the end of 2027 as part of a voluntary departure program agreed with employee representatives. The measure comes as the luxury car manufacturer faces weaker demand in key markets and growing pressure to improve efficiency. According......
Visa is reportedly preparing to eliminate around 2,600 positions as part of a broader restructuring plan aimed at improving operational efficiency and redirecting investment toward areas with stronger growth potential, according to an internal memo cited by Bloomberg. The planned workforce reduction......
Unilever has agreed to protect employment conditions for workers in its European and British food operations for two years following the planned $65 billion merger of the division with U.S. spice producer McCormick, according to an internal memo reviewed by Reuters. The employment guarantee, which had......
Indian automotive giant Mahindra & Mahindra has announced plans to transfer its truck and bus business to its listed subsidiary SML Mahindra as part of a broader effort to streamline its commercial vehicle operations under a single corporate structure. The transfer, valued at 5.25 billion rupees......
BMW has announced plans to reduce its workforce in Germany by several thousand employees through a voluntary redundancy programme, as the premium automaker intensifies efforts to improve efficiency amid weakening demand in key international markets. The company confirmed on Wednesday that it had reached......
German luxury sports car manufacturer Porsche is preparing to reduce its workforce by around 5,000 positions over the coming years as part of a broader restructuring plan aimed at cutting costs and improving operational efficiency. Under an agreement reached with employee representatives, the workforce......