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Tag: reorganization
Brazil's Gerdau plans broad reorganization amid grim steel outlook
2015-07-14 14:21:01| Steel - Topix.net
Gerdau SA, the Americas' largest steelmaking group, announced on Tuesday a broad corporate reorganization that aims at taking better advantage of the firm's growing size in markets other than home turf Brazil amid weak demand and pricing for steel products. Under the plan, which the Porto Alegre, Brazil-based firm announced in a securities filing, Gerdau will pay 1.986 billion reais to buy out minority shareholders in four units, integrate South American operations outside Brazil in a single unit and merge the company's iron ore unit into its Brazil operations.
Tags: plans
steel
broad
outlook
Walter Energy negotiating bankruptcy reorganization
2015-06-07 03:07:01| Industrial Machines - Topix.net
Hoover-based Walter Energy Inc. is reportedly in talks with senior lenders to negotiate a debt-reconstruction plan that could have the company filing bankruptcy before the end of the month. This includes a request for a debtor-in-possession loan that would allow the company to stay in operation while in bankruptcy.
Tags: energy
walter
bankruptcy
negotiating
Elekta Announces Reorganization and Changes in Its Executive Management Team
2015-06-02 13:36:30| Appliances - Topix.net
Elekta today announced a reorganization of the Company to adapt to current market conditions and improve growth, profitability and efficiency, as well as changes in its Executive Management team. The new organization will be effective as of July 7, 2015.
Tags: management
team
executive
announces
McCormick will take a $25 million hit on overseas reorganization
2015-04-20 19:09:16| Food - Topix.net
McCormick & Co. Inc. will spend $25 million to reshape its sluggish Europe, Middle East and Africa operations, it said Monday, predicting a 13-cent-per-share blow to earnings as it pays for cost-cutting moves.
Tags: hit
million
overseas
reorganization
Shaw Communications reports smaller Q2 profit as reorganization effort continues
2015-04-15 00:51:36| Telecom - Topix.net
Shaw Communications Inc. says ongoing efforts to improve its customer care operations cut into its profit in the second quarter. The Calgary-based telecom and media company says it recorded $38 million of expenses related to severance and employee-related costs for about 1,600 affected employees.
Tags: reports
effort
communications
smaller
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