Page 45 - Restructuring News Today

The company did not disclose how many employees were affected by the layoffs or which countries it is shifting roles to. As of September 2023, Adient had over 70,000 employees worldwide, with about 42% of them working in the Europe, Middle East and Africa (EMEA) region.

Sue Moore returns to global giant having earlier led Stephenson Harwood’s global finance practice

At Third Wave Coffee, founder Sushant Goel transitioned to a board role after former KFC India head Rajat Luthra was roped in as chief executive, effective April 1. "The journey of starting up and getting the company at a certain scale is very different from taking it to the next level," said a venture investor with a global firm. "These changes are ultimately healthy in the sense that these startups are reaching a particular level."

Flipkart appoints Myntra executive Ayyappan R as Cleartrip CEO in a big restructuring move Online retail major Flipkart, which acquired a 100% stake in Cleartrip, one of the oldest travel booking portals in India, has appointed a new CEO for the business. Ayyappan R, who has been the chief business officer at Flipkart-owned fashion e-commerce

Operational profits, European flight resumption mark pivot towards privatisation

COLOMBO -- Having hit a roadblock with international bondholders, uncertainty looms over the economy of crisis-hit Sri Lanka and an upcoming review by

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COLOMBO (News1st); Sri Lanka's State Minister of Finance Shehan Semasinghe has held bilateral discussions with Deputy Assistant Secretary of - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lankas leading news network.

Moneycontrol had reported last year that the government will dilute about 3.5 percent out of the total 29.5 percent stake via offer for sale (OFS) route

Troubled mid-sized builder Taeyoung Engineering & Construction (E&C) agreed to lay off 22 senior executives and cut salaries by up to 35 percent for the remaining ones, as part of self-rescue efforts to facilitate a corporate debt workout program, according to the firm’s main creditor, Friday.