Nestlé UK CEO Laurent Freixe Fired in Shock Restructure
Laurent Freixe, the long-serving CEO of Nestlé UK & Ireland, has been abruptly dismissed as the food giant scraps its regional management boards in a major corporate overhaul.
Category : Search result: restructuring plan
Reeves pushes Thames Water creditors to take major haircut
Exclusive: Chancellor Rachel Reeves pushes for significant losses for Thames Water's creditors in a radical restructuring plan, aiming to protect billpayers from the burden of the utility's massive debt.
Spirit Airlines Files For Bankruptcy Protection - Second Time
US budget carrier Spirit Airlines files for Chapter 11 bankruptcy, its second filing in 11 years, as it grapples with mounting debts and fierce industry competition, casting uncertainty over its future operations.
Lotus to Cut 200 Jobs in Major Electric Vehicle Restructure
Norfolk-based sports car manufacturer Lotus is set to cut up to 200 jobs as part of a significant restructuring plan, citing a necessary strategic pivot towards an all-electric future under its Chinese parent company, Geely.
Ford Eliminates 1,400 Jobs in US Electric Vehicle Restructuring
Ford Motor Company announces significant job cuts, eliminating 1,400 positions across Michigan and New York as part of its strategic shift toward electric vehicle production.
CBS News axes Gayle King in major Paramount restructuring
Exclusive report: CBS News makes dramatic cuts, parting ways with broadcasting icon Gayle King and executive Neeraj Khemlani in a sweeping overhaul by parent company Paramount Global.
Australian Universities Slash Hundreds of Jobs and Courses
Major Australian universities are cutting hundreds of academic jobs and dozens of courses amid financial pressures and government funding reforms, sparking protests and concerns about the future of higher education.
Costa Coffee Axes 1,650 Jobs in UK Restructuring
Costa Coffee, the UK's largest coffee shop chain, is slashing 1,650 jobs in a devastating blow to the high street. The drastic cuts come as parent company Coca-Cola implements a major restructuring plan to address changing consumer habits post-lockdown.
UK TikTok Jobs Axed in Global Safety Team Shake-Up
Hundreds of TikTok's UK-based trust and safety roles are at risk as the video-sharing giant launches a major global restructure, leaving employees devastated.
TikTok Slashes Hundreds of UK Jobs in Major Restructure
TikTok has announced a significant restructuring of its UK operations, resulting in hundreds of job losses. The move impacts sales and advertising staff as the tech giant streamlines its European business.
Welsh Rugby Union Set For Radical Club Overhaul
Exclusive: The Welsh Rugby Union is poised to confirm a seismic restructuring plan that could see the number of professional teams slashed in a desperate bid to secure the future of the game in Wales.
CBS News axes anchors in format shake-up
CBS News announces major changes to its evening broadcast format, resulting in the departure of two prominent anchors. Discover the details behind this dramatic restructuring.
Gupta’s last-ditch plan to save Liberty Steel
Industrialist Sanjeev Gupta is preparing a final attempt to salvage Liberty Steel’s specialty division, as creditors and regulators close in. Will his strategy be enough to save jobs and stabilise the business?
ITV staff furious over 'brutal' job cuts
ITV production staff express outrage as the broadcaster announces sweeping job cuts, leaving many fearing for their futures in the television industry.
Metro by T-Mobile’s New Budget Wireless Plan
Metro by T-Mobile unveils an affordable new wireless plan, offering unlimited data and perks. Find out if it's the best deal for your needs.
American industry faces bankruptcy crisis
Iconic American companies are battling a wave of bankruptcies as consumer demand collapses, forcing urgent restructuring across key sectors.
Morrisons cuts 3,600 jobs in restructuring move
Supermarket giant Morrisons announces plans to axe 3,600 roles as part of a restructuring effort, closing warehouses and revamping stores. Find out how this impacts employees and shoppers.
Papa John's Closing 70 UK Stores
Papa John's is set to close 70 of its UK stores as part of a major restructuring plan. Find out which locations are affected and why the pizza chain is making these cuts.
Mint Mobile’s Unlimited Plan: Affordable & No Contracts
Discover how Mint Mobile's budget-friendly unlimited plan offers unbeatable value with nationwide coverage, no contracts, and seamless connectivity.
Alpine F1 restructures as Provost leaves engineering role
Bruno Famin confirms Alpine F1's sweeping changes as Philippe Krief takes over from David Provost in a bid to revive the team's fortunes.
HSBC to cut hundreds of jobs in Canada
HSBC reveals plans to slash hundreds of jobs in Canada as part of a broader cost-cutting strategy, raising concerns over its long-term commitment to the market.
WAG retail chain files for bankruptcy in California
WAG, a California-based retail company, has filed for Chapter 11 bankruptcy, citing financial difficulties. The move aims to restructure debts while keeping stores operational.
DfT civil servants moved to state rail operator
The UK government is set to transfer hundreds of Department for Transport civil servants to the state-owned rail operator, marking a significant restructuring of rail governance.
ITV axes 200+ jobs in £50m cost-cutting drive
ITV is set to axe more than 200 jobs as part of a major restructuring plan to cut costs and streamline operations. The broadcaster aims to save £50 million annually amid industry challenges.
River Island faces collapse as landlords reject rescue plan
High street fashion chain River Island is on the brink of collapse after landlords refused to back a vital restructuring plan, putting thousands of jobs at risk.
Transport NSW job cuts spark union backlash
Hundreds of jobs at Transport for NSW are set to be axed as part of a major restructuring effort, sparking concerns among employees and unions.
BrewDog closes Aberdeen and London bars in restructuring
Craft beer giant BrewDog is shutting down several of its bars, including locations in Aberdeen and London, as part of a strategic overhaul to streamline operations.
Openreach CEO Alan Jones steps down amid restructuring
Openreach CEO Alan Jones announces departure as the telecom giant prepares for a significant organisational overhaul. Discover the implications for the UK's broadband future.
Jaguar Land Rover to cut hundreds of jobs
Jaguar Land Rover announces significant job cuts as part of a restructuring strategy to streamline operations and transition to electric vehicle production.
Tesla UK Sales Chief Troy Jones Exits Amid Restructuring
Tesla’s UK sales director Troy Jones has left the company as part of Elon Musk’s global restructuring. Discover the implications for Tesla’s British operations and the electric vehicle market.
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