With declining orders and halved profits this year, shipbuilders and steelmakers, the two new pillars of the country’s exports, are trimming down both their work forces and production as a last resort to overcome their ongoing slumps. ...
Tags: Hyundai, Heavy Industries, restructuring
Reuters reported that fresh from axing half of his management board this week, ThyssenKrupp chief executive Mr Heinrich Hiesinger is expected to ring in a new era at Germany's top steelmaker when he presents results on Tuesday. The CEO ...
Tags: steelmaker, steel companies, car parts, dependence on steel
John Dixon, the head of Marks and Spencer's food business, has been moved to lead its general merchandise arm in a management reshuffle sparked by the departure of non-food boss Kate Bostock. Dixon, who will take his new role on 1 ...
Spanish food group Ebro Foods has recorded an increase in profit in the first nine months of the year driven by the integration of businesses acquired last year and innovation. Ebro posted a net profit of EUR110m (US$141.6m) in the ...
Tags: profit rise, Ebro Foods, acquisition, food industry
Engineering, electronics and high-tech giant Siemens AG of Munich, Germany has announced its intention to spin-off 80.5% of its subsidiary Osram (the world's second biggest lighting manufacturer, whose subsidiary Osram Opto Semiconductors ...
Tags: Siemens, Osram, approval, transaction, massive reshuffle
Siemens has announced its intention to spin-off 80.5% of its subsidiary Osram. The plan requires approval of at least three-quarters of voters at Siemens’ Annual Shareholders' Meeting on 23 January. If approved, the transaction ...
Tags: Europe Osram, Siemens, LED assembly plant, transaction
A planned subsidy for LED lamps could halve their price for consumers in Taiwan,and should also provide a welcome boost for the local LED industry. LED manufacturers in Taiwan received a boost last week when government officials announced ...
Marks and Spencer's food business will continue to prosper, the UK retailer's chief executive said today (10 July), despite the head of the division being moved to lead its under-pressure non-food arm. Marc Bolland told just-food the ...
Tags: food business, food, food industry, food market
The government's IT leadership team is to undergo a major organisational reshuffle,according to a notice from Cabinet Office chief operating officer Stephen Kelly seen by Computer Weekly. Under the shake-up Andy Nelson will remain ...
Tags: Government, IT leadership team, digital transformation agenda
Taipei, Nov. 8, 2012 (CENS)--In the wake of the reelection of the U.S. President Obama, the Executive Yuan (the Cabinet) will immediately push the "action program for strengthening Taiwan-U.S. economic and trade relationship." The ...
Tags: liberalizing domestic economy, trade and investment framework agreement
UK-based Premier Foods has appointed Geoff Eaton as the chief operating officer and executive director to speed up transformation of the debt-laden company. Geoff Eaton was formerly the CEO of former puddings maker Uniq. During his ...
Tags: transformation, debt-laden, acquisitions
Global PV component manufacturing industry has changed dramatically recently years and decline in profitability is the key character. Highest gross profit margin of the component manufacturer is difficult to achieve 10%. Expert of the ...
Tags: market view, PV Industry
Government plans to install super-fast broadband throughout the whole of the UK by 2015 are unlikely to be achieved. That's according to a report from the Country Land & Business Association (CLA), which comes days after the government ...
Tags: super-fast broadband, CLA, Broadband, Maria Miller
(China Glass Network) Seeing the great development of new energy industry in Europe and the United States, China enterprises see solar energy industry as a good opportunity. In addition, numerous capitals have flowed into this industry that ...
Tags: China, Pv Industry, Healthy
Maria Miller has already looked to make her mark as Culture Secretary as the government promises to remove the need for local councils'approval to install broadband cabinets. Miller,who replaced Jeremy Hunt as part of the ministerial ...