Topic
restructuring
11 stories related to this topic, newest first.
New York Postbusiness4 days ago
Red Robin to Close Up to 50 Locations in Restructuring Plan
Red Robin is closing restaurants and selling others to franchisees under its First Choice Plan. The Cary, North Carolina location will shut after a $3.3 million property sale. The moves aim to cut debt and improve performance at remaining sites.
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news.google.combusiness9 days ago
Volkswagen Board Rejects CEO Restructuring Plan in 12-7 Vote
The supervisory board turned down proposals to cut 100,000 jobs and close four German plants. It approved a reduction in global production capacity by one million vehicles.
news.sky.combusiness12 days ago
Volkswagen to Reduce Annual Production Capacity to 9 Million Vehicles
Volkswagen announced adjustments to its global production capacity and model lineup. The changes respond to shifts in market conditions and heightened competition.
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forbes.combusiness15 days ago
Microsoft to Cut 3,200 Xbox Jobs Over Fiscal 2027
Xbox CEO Asha Sharma announced the reductions, with 1,600 roles eliminated July 6. The moves affect every studio and include management changes and studio restructurings.
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freepressjournal.inworld24 days ago
Porsche May Move All Cayenne Production to Leipzig Only If Workers Accept Pay Cuts
The move would bring every powertrain variant of the SUV to the German plant. It depends on workers accepting lower pay to offset higher labor costs. Talks with employee representatives continue.
business28 days ago
Oracle cuts 21,000 jobs in restructuring
Oracle reduced its worldwide workforce by 21,000 employees between May 2025 and May 2026, according to a Monday SEC filing. The company reported a 391 percent increase in restructuring expenses during the same period while investing in data-center infrastructure.
finance.yahoo.comworld39 days ago
UK Court Approves Poundstretcher Restructuring Plan Amid Ongoing Financial Strain
A UK court approved the discount retailer's restructuring plan, allowing the chain to continue operating while addressing its financial pressures.
marketwatch.comworld40 days ago
GoPro Refiles Financials and Engages Advisers After Revenue Drop, Continues Product and Sector Expansion
GoPro reported a first-quarter loss and said it is evaluating strategic alternatives including a possible sale or merger. The company is in talks with lenders after auditors flagged going-concern doubts.
The Independentbusiness46 days ago
High Court Approves Las Iguanas Restructuring Plan That Wipes Out £37m Debt and Cuts Landlord Rents
A judge sanctioned the plan on Friday after lawyers said the chain would enter administration without it. The Big Table Group will inject £3 million and some landlord debts will be reduced.
citizen.co.zaworld47 days ago
Homeplus to Close 37 Unviable Stores as Part of Court-Led Rehabilitation
Homeplus Co. notified its labor union on June 4 that it will permanently shut 37 of its 104 stores. The closures follow the May sale of its Homeplus Express supermarket business.
TechCrunchtechnology89 days ago
Redwood Materials COO Chris Lister retires following promotion and company restructuring
Chris Lister, chief operating officer at Redwood Materials, is retiring after less than three years with the company. The departure follows recent layoffs of about 10% of the workforce and exits by other executives. Redwood's CEO JB Straubel cited restructuring to support growth…