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Acer CEO resigns as company plans restructuring and layoffs

2013-11-05 14:21:57| InfoWorld: Top News

Acer CEO J.T. Wang is resigning from his post at the Taiwanese PC maker and will be replaced by president Jim Wong as part of a corporate restructuring that will try to revitalize the company's sagging fortunes. Citing the company's recent run of poor financial results, Wang said in a statement on Tuesday: "It is time for me to hand over the responsibility to a new leadership team to path the way for a new era."

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Telecoms maker Alcatel-Lucent reports new losses on costs of restructuring, ...

2013-10-31 11:07:46| Telecom - Topix.net

Telecommunications equipment maker Alcatel-Lucent SA says it lost 200 million euros in the third quarter, including costs of restructuring efforts aimed at saving the long-struggling company from collapse.

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Maple Leaf profitability falls amid restructuring

2013-10-30 18:00:08| Food - Topix.net

Maple Leaf Foods Inc. had a big drop in profitability and lower revenue in the third quarter as it experienced tough market conditions and unusual expenses related to an ongoing reorganization.

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US: Coldwater Creek slims workforce expense in restructuring

2013-10-30 15:41:00| Daily apparel & textile news and comment - from just-style.com

Struggling women's apparel retailer Coldwater Creek has initiated a restructuring programme that involves slimming its workforce expense by 20%.

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Thomson Reuters says it will record US$350 million related to restructuring

2013-10-29 14:24:34| IT Services - Topix.net

Thomson Reuters Inc. says it will record US$350 million of accounting items related to cost-cutting at its Financial & Risk business unit, which accounts for more than half of its total revenue.

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