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Target to axe thousands of jobs in restructure

2015-03-04 15:18:00| Daily apparel & textile news and comment - from just-style.com

Target Corp is to axe several thousand jobs over the next two years as it looks to save US$2bn in costs, and focus on key initiatives it believes will put the US retailer "on a clear path to growth".

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Sugar companies seek to restructure debt

2015-02-05 10:03:53| Sugar Industry News

The companies are struggling to make profits in an environment where prices are skewed by policies set by the central and state governments

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Auto parts maker Cooper Standard to restructure in Europe

2015-01-26 18:42:10| Canadian Plastics Headlines

Michigan-based auto parts maker Cooper Standard Automotive Inc. plans to downsize its European manufacturing footprint. A statement from Cooper Standard Holdings Inc., Cooper Standards parent company, said the restructuring effort is to improve its European capability by removing excess capacity,… The post Auto parts maker Cooper Standard to restructure in Europe appeared first on Canadian Plastics.

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Austin Reed to shutter 31 stores amid restructure

2015-01-19 14:30:00| Daily apparel & textile news and comment - from just-style.com

UK clothing retailer Austin Reed Group is to shutter 31 stores and receive a GBP3m (US$4.5m) cash injection from shareholders as part of a company voluntary arrangement (CVA) to try to return the business to profitability.

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Chemtura Corp. faces restructure

2014-12-24 00:32:26| Chemicals - Topix.net

A number of positions at the West Lafayette operation of Chemtura Corp. will be eliminated due to a company-wide restructure. The company, which focuses on specialty chemicals for various industrial sectors, announced a restructuring plan in November to reduce manufacturing conversion costs by about $50 million, or 10 percent annually.

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