The Chinese government has approved the split of joint venture (JV) of Ford, Mazda and their Chinese partner Changan as part of Changan Ford Mazda Automobile’s (CFMA) restructuring plan. The approval allows the three way JV to ...
Tags: Ford, Mazda, restructuring plan
French carmaker PSA Peugeot Citroen is planning to shut down its Aulnay automobile manufacturing facility and reduce 6.7% of jobs in the country by 2014 to pare its operational losses. As part of the plan, the automaker, will stop ...
Tags: PSA Peugeot Citroen, automobile manufacturing facility, car production
French carmaker PSA Peugeot Citroen is planning to shut down its Aulnay automobile manufacturing facility and reduce 6.7% of jobs in the country by 2014 to pare its operational losses. As part of the plan, the automaker, will stop ...
Australasian food company Goodman Fielder plans to sell or shut down nearly 15 factories across Australia and New Zealand over the next three years,as a part of its efforts to generate A$100m($102.56m)in savings. In an investor ...
Tags: savings, factories, closures, bakery division, product lines
Agennix will reduce its staff by nearly 55% to conserve cash, as part of its restructuring plan. Agennix chief financial officer and the management board spokesperson Torsten Hombeck said Agennix objective of conserving cash has ...
Gardner Denver, Inc. reported third quarter 2012 revenues of $548.5 million, down 11% compared to the prior year third quarter (down 7% excluding the impact of foreign exchange). Operating income for the third quarter of 2012 was $89.1 ...
Tags: Gardner Denver, EPG, IPG
Australian food group Goodman Fielder, which has made losses in its last two financial years, said today (22 November) it had secured a "milestone" agreement on prices and recovering input costs. MD Chris Delaney said Goodman Fielder had ...
Tags: Goodman Fielder, losses, food, bread, artisan bread
PILKINGTON owner Nippon Sheet Glass has gone into the red and shed 1, 750 jobs worldwide this year as it restructures to cope with the effects of the global recession. The group, which employs some 1, 600 people across its sites in St ...
Tags: market view, Sheet Glass
Japan's Sharp,a major supplier of LCD displays to Apple and other manufacturers,has warned that it may not survive if it can't turn around its business,an admission that caught few off guard. The Osaka-based manufacture said there ...
Tags: Japan, Sharp, LCD displays, IGZO technology
DuPont Co. announced that it will eliminate 1,500 jobs after posting a smaller-than-estimated third-quarter profit DuPont reported third-quarter 2012 earnings from continuing operations were $0.32 per share versus $0.60 per share in the ...
HP is set to fire 2,000 more staff than it had originally planned over the next two years to "simplify" and "restructure" its operations. The company announced 27,000 job cuts in May when it published its second quarter (Q2) results, ...
Tags: HP, job cuts, multi-year restructuring plan, early retirement programme
Lexmark International has exited the inkjet printer business and is laying off 1,700 people as part of a restructuring plan to improve profitability. Lexmark's restructuring will result in job cuts mainly tied to the inkjet ...
Tags: Layoff, Lexmark, inkjet printer
Sony will close its once-proud optical PC drive subsidiary by early next year,as part of its efforts to refocus on the connected world of smartphones,tablets and netbooks,a spokesman said Tuesday. Subsidiary Sony Optiarc,which ...
Tags: Sony Optiarc, Blu-ray and DVD drives maker, smartphones, tablets, netbooks
Paperlinx's net loss was $266.7 million for the year to 30 June, 2012, compared to the $108 million loss to the end of June, 2011. Investors were told on 26 June that the expected loss for the year would be $171 million. Chairman Harry ...
Tags: Paperlinx, net loss, operating costs, higher-than-expected loss
Private equity is sniffing around Renesas, according to Japan's Yomiuri newspaper.Private equity companies KKR and Silverlake, which made the ill-fated takeover bid for NXP back in 2006, are reported to be in talks about investing 'several ...
Tags: Private Equity, Japan's Yomiuri newspaper, KKR and Silverlake