Category : Search result: business restructuring


Atlassian Axes 5% of Staff in Major AI Restructuring

Australian tech giant Atlassian, co-founded by billionaire Mike Cannon-Brookes, is laying off 5% of its staff in a strategic pivot towards artificial intelligence, impacting hundreds of employees globally.

Smokey Bones closes UK restaurants in strategic shake-up

American restaurant chain Smokey Bones, a direct competitor to TGI Fridays, has suddenly closed several of its UK branches. The closures are part of a major strategic review, leaving customers and staff surprised. Find out which locations are affected and

Trump in advanced talks for major Tokyo property deal

Exclusive: Howard Lutnick of Cantor Fitzgerald is reportedly in advanced talks with the former US President to develop a major real estate venture in Japan's capital, signalling Trump's post-election business ambitions.

Claire's to close UK stores in restructuring move

Iconic accessories retailer Claire's is set to close several of its UK stores as part of a major Company Voluntary Arrangement (CVA) restructuring plan, impacting the British high street.

Lloyds Bank Puts 1,600 Jobs Under Review in Restructure

Exclusive: Lloyds Banking Group launches a sweeping operational review, putting 1,600 roles under consultation while simultaneously creating 830 new positions in a strategic shift towards enhanced digital services.

Spotted Cow Cookies Collapse: Yorkshire Bakery Folds

Yorkshire's beloved Spotted Cow Cookies has ceased trading, leaving 25 employees jobless and customers heartbroken. The family-run bakery, famed for its gourmet biscuits, succumbed to the relentless pressure of the cost-of-living crisis and soaring inflat

Nuneaton businessman's epic clapback at vile customer abuse

A Warwickshire businessman has been hailed a hero after his blistering Facebook response to a group of women who launched a vicious campaign of abuse against his young employees, calling their behaviour 'utterly disgusting'.

Reeves' 'Disastrous' Budget Silence Angers Business Leaders

Chancellor Rachel Reeves faces a furious backlash from business leaders for her 'deafening silence' on the upcoming Autumn Budget, creating crippling uncertainty for UK firms and sparking fears of a major economic misstep.

Thames Water: Creditors propose £20bn rescue package

Major creditors have tabled a radical £20 billion restructuring plan to rescue Thames Water from administration, aiming to secure the future of Britain's largest water company and prevent a national crisis.

Market Basket Mediation: Arthur T Demoulas Fights for Control

Exclusive: Arthur T. Demoulas, the ousted CEO beloved by workers, enters mediation in a dramatic final attempt to buy back the 50.5% stake of the Market Basket grocery chain and end the family feud that has paralysed the business.

Kraft Heinz Merger Faces Potential Split by Investors

Exclusive: The multi-billion pound Kraft Heinz merger is under intense scrutiny as major investors push for a potential breakup of the food and condiment titan. Analysts suggest a split could unlock significant value.

Shop Owner Shames Shoplifters with Viral CCTV Footage

A UK business owner fights back against shoplifters by publicly shaming them with hilarious CCTV footage of them stealing rubber ducks, bath bombs, and chocolate. His viral campaign highlights the growing crisis facing small retailers.

Nestlé UK CEO sacked over undisclosed relationship

Nestlé's UK & Ireland boss, Stefano Agostini, has been abruptly dismissed after nearly four decades with the company for failing to disclose a personal relationship with a colleague, breaching strict corporate governance rules.

Family Feud Forces Eviction of VW Garage After 60 Years

The Freccia brothers' Volkswagen garage in Connecticut faces a shocking eviction after six decades. A bitter family trust battle forces the closure, leaving the community and 15 employees devastated. Read the full story of this local institution's downfal

Bosnian refugees build £15m food empire in UK

Two brothers who fled the Bosnian War with just £300 have built a £15 million food manufacturing business in the UK, employing 150 people and supplying major supermarkets.

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.

Royal Mail's Parent Firm Secures Major US Postal Contract

Exclusive: Royal Mail's parent company, IDS, secures a pivotal 7-year contract with the US Postal Service to handle stateside parcel deliveries, aiming to reverse fortunes after a bruising year of losses and industrial disputes.

Time Out Magazine Exits London for Manhattan HQ

In a seismic shift for media, Time Out Magazine abandons its London birthplace after 55 years, relocating its global headquarters to Manhattan. Discover the reasons behind this historic move.

Coca-Cola in Talks to Sell Costa Coffee Chain

The Coca-Cola Company is reportedly in advanced discussions to divest its Costa Coffee chain, just six years after its landmark £3.9bn acquisition. The potential sale signals a significant strategic shift for the beverage giant.

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.

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