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Bombardier to Cut 5,000 Jobs, Sell Units in Restructuring

Bombardier said it would shed its turboprop unit and a training business as part of a streamlining that will generate net proceeds of some $900 million and eliminate about 5,000 jobs......»»

Category: smallbizSource: wsjNov 9th, 2018

Major jet maker to cut 5,000 jobs in restructuring

Bombardier Inc. plans to cut about 5,000 jobs while selling its turboprop unit and a training business as Chief Executive Officer Alain Bellemare extends a far-reaching turnaround drive at the debt-laden Canadian aerospace company......»»

Category: topSource: moneycentralNov 8th, 2018

Tesla to Slash More Jobs in Effort to Lower Model 3 Price

Tesla is cutting its full-time workforce by 7% to help lower costs so it can sell the Model 3 sedan at a lower price. Shares fell 13%......»»

Category: asiaSource: wsj2 hr. 40 min. ago

Ford To Cut Thousands Of European Jobs, Close Factories In "Major Restructuring"

In the latest confirmation that global auto sales are sliding and that US automakers are struggling to compete in the hypercompetitive European car market - something that President Trump might inte.....»»

Category: blogSource: zerohedgeJan 10th, 2019

Code42 eliminates 55 jobs amid reorganization

Software company Code42 will eliminate 55 positions as part of a broader reorganization. In a statement, the Minneapolis-based company cited changes around its product mix and marketing strategy as reasons behind the cuts. Code42 started out sell.....»»

Category: topSource: bizjournalsJan 9th, 2019

Colfax files to sell 4M tangible equity units

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJan 7th, 2019

Flooring giant Interface launches restructuring plan, will cut 200 jobs

"The restructuring plan is expected to be substantially complete in the first half of 2019," Interface reported......»»

Category: topSource: bizjournalsJan 3rd, 2019

CHF Solutions files to sell $5M of units

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallDec 31st, 2018

3 Philadelphia-area apartment properties sell

One transaction brought the number of units that Morgan Properties owns in Pennsylvania to 7,000......»»

Category: topSource: bizjournalsDec 31st, 2018

GM CEO Is Under Fire From Trump, Lawmakers Over Restructuring

General Motors Chief Executive Mary Barra faces bipartisan anger in Washington over the company’s plans to cut 14,800 jobs and close four plants despite robust profits and a strong economy......»»

Category: smallbizSource: wsjDec 13th, 2018

WPP to cut 3,500 jobs worldwide as part of restructuring efforts, FT reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallDec 11th, 2018

Why It"s Time to Bail Out of Deutsche Bank

The big German bank has a load of problems: scandals, poor performance, and an imminent restructuring. The stock has been hammered, but it’s still pricey. It’s time to sell......»»

Category: topSource: barronsDec 8th, 2018

TheStreet to sell institutional business units for $87.3M

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallDec 6th, 2018

MiMedx to Shed Jobs as Part of Overhaul

MiMedx is restructuring, as it looks to shed one-quarter of its workforce and promoted new leaders to help turn around the once-highflying biotech firm......»»

Category: smallbizSource: wsjDec 6th, 2018

Ford’s restructuring could slash more jobs than GM’s, Morgan Stanley says

Ford’s restructuring plan could cost far more jobs than GM’s, analysts at Morgan Stanley say......»»

Category: topSource: marketwatchDec 3rd, 2018

Bayer to Cut 12,000 Jobs, Shed Coppertone and Dr. Scholl Brands

Germany’s Bayer said it would cut 12,000 jobs and sell its animal-health business, Coppertone sunscreens and Dr. Scholl’s foot-care products in an effort to win back investors’ trust after a string of setbacks......»»

Category: smallbizSource: wsjNov 30th, 2018

Bayer to sell businesses, cut jobs after Monsanto deal

Bayer , the German drugmaker that bought U.S. seed company Monsanto, on Thursday announced the sale of a number of businesses, job cuts affecting 12,000 of its staff and 3.3 billion euros ($3.8 billion) in impairments. Francis Maguire reports.....»»

Category: videoSource: reutersNov 29th, 2018

Bayer to sell businesses, cut jobs after Monsanto deal

Bayer , the German drugmaker that bought U.S. seed company Monsanto, on Thursday announced the sale of a number of businesses, job cuts affecting thousands of its staff and 3.3 billion euros ($3.8 billion) in impairments......»»

Category: topSource: reutersNov 29th, 2018

Ford Says It Won"t Cut Jobs During Planned "Restructuring"

By announcing plans to cut 15,000 jobs in two swing states - Ohio and Michigan - General Motors thumbed its nose at President Trump (and his generous tax-cut plan) for insisting on imposing his protectionist agenda over the objections of automak.....»»

Category: blogSource: zerohedgeNov 28th, 2018

Not just jobs riding on fate of GM plant after Trump promise

General Motors is moving to shut down as many as five North American factories in a major restructuring, but there are more than jobs riding on the fate of at least one of them: Ohio's Lordstown assembly plant......»»

Category: topSource: foxnewsNov 28th, 2018

IKEA restructuring includes 7,500 job cuts worldwide

The group that owns most of the IKEA furniture stores worldwide announced that it would cut 7,500 jobs in the next two years as part of its process to create "the IKEA of the future,” the company said in a statement. However, the Ingka Group als.....»»

Category: topSource: bizjournalsNov 27th, 2018