News tagged with restructuring
Germany's T-Mobile to cut 900 US jobs
Germany's T-Mobile, the fourth-largest wireless telecommunications company in the United States, said Tuesday it would cut 900 jobs as part of a company-wide restructuring.
May 16, 2012 |
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Nokia chairman indicates company no longer leader
Nokia chairman Jorma Ollila indicated in an interview with Finnish media Wednesday that his company was no longer the world's biggest mobile phone maker after 14 years at the top.
Apr 25, 2012 |
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Siemens abandons profit target after weak second quarter
German engineering and technology giant Siemens warned Wednesday that full-year profits would fall short of original targets following a difficult second quarter.
Apr 25, 2012 |
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Is the Greek haircut a snip too far for investors?
Research from the University of Reading suggests that the recent bail-out for Greece could lead to decades of legal actions as disgruntled investors sue for compensation.
Other Sciences / Economics & Business
Apr 19, 2012 |
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Microsoft cuts about 200 marketing employees
(AP) -- Microsoft Corp. said it laid off some of its marketing staff on Wednesday as part of an effort to restructure its operations.
Feb 02, 2012 |
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Nokia Siemens Networks in Finland, Germany lay-off talks
Finnish-German telecom equipment maker Nokia Siemens Networks (NSN) said Tuesday a previously announced restructuring plan would entail 2,900 job cuts in Germany and 1,200 in Finland.
Jan 31, 2012 |
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Japan's Fujitsu hit by third-quarter loss
Japanese high-tech giant Fujitsu plunged into a net loss for the three months to December, it said Tuesday, as it slashed its full-year sales and profit forecast.
Jan 31, 2012 |
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TEPCO to hold bids for 17 million smart meters: report
Japan's Tokyo Electric Power plans to install about 17 million "smart meters" in customer households by March 2019 in a bid to increase efficiency, a report said Sunday.
Technology / Energy & Green Tech
Jan 22, 2012 |
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Nokia Siemens to lay off 17,000 worldwide
(AP) -- Nokia Siemens Networks is slashing 17,000 jobs worldwide by 2013 - nearly 23 percent of its work force - as it strives to cut costs by euro1 billion ($1.35 billion).
Nov 23, 2011 |
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Sony, Toshiba and Hitachi sign joint venture deal
Sony, Toshiba and Hitachi on Tuesday said they had signed a deal to merge their small and medium-sized liquid crystal display businesses for smartphones and tablet computers.
Nov 15, 2011 |
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Adobe to cut 750 jobs, trims 4Q profit outlook
(AP) -- Software maker Adobe says it is laying off 750 workers to better align the company around what it calls digital media and marketing opportunities.
Nov 08, 2011 |
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Kodak tries to quash bankruptcy fears; shares jump
(AP) -- Eastman Kodak Co. shares soared more than 57 percent Monday after the photo company tried to quash investor fears of a bankruptcy, which had caused shares to lose more than half their value on Friday.
Oct 03, 2011 |
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Consortium prevails over Google for Nortel patents (Update)
(AP) -- A consortium that includes leading smartphone makers Apple and Research In Motion prevailed over Google this week with a $4.5 billion cash bid for about 6,000 patents and patent applications from ...
Jul 01, 2011 |
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Yahoo, Alibaba: We're 'committed to' negotiations
(AP) -- Yahoo Inc. and Chinese Internet company Alibaba Group tried to present a united front Sunday as they worked on a dispute that has caused tension in their already strained relationship. ...
May 16, 2011 |
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AOL posts higher 4Q net income but revenue slides
(AP) -- Internet company AOL Inc. says its fourth-quarter net income grew from a year-ago period weighed down by hefty restructuring costs, but revenue fell sharply on weak advertising sales. The company sought to reassure ...
Feb 02, 2011 |
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Restructuring
Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Alternate reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring.
In education, Restructuring (education) refers a requirement in the No Child Left Behind act of 2001, which requires schools identified as chronically failing for 5 years or more to undertake rapid changes that affect how the school is led and instruction delivered.
Executives involved in restructuring often hire financial and legal advisors to assist in the transaction details and negotiation. It may also be done by a new CEO hired specifically to make the difficult and controversial decisions required to save or reposition the company. It generally involves financing debt, selling portions of the company to investors, and reorganizing or reducing operations.
The basic nature of restructuring is a zero sum game. Strategic restructuring reduces financial losses, simultaneously reducing tensions between debt and equity holders to facilitate a prompt resolution of a distressed situation.
Steps:
For more information about Restructuring, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
