restructuring
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Retail entrepreneurs turn to consultants for help with restructuring
Behind the first restructuring steps announced in retail are management consultants. The most powerful Romanian entrepreneurs admit for the first time that they are unable to turn their busi...
Restructuring drives Turbomecanica into the black
Turbomecanica Bucuresti, component manufacturer for the aeronautic industry, went back into the black in the first six months of the year, reporting a net result of 470,000 RON (112,000 euro...
Draxlmaier lays off 5,000 employees and continues restructuring
Germany's Draxlmaier group, the biggest employer in the domestic car industry, in the first three months continued its headcount reduction programme, reaching an average number of 14,000 emp...
Marin: Restructuring can fail if no attention is paid to details
Marius Marin, the current CEO with construction materials producer Macon Deva, who has helped to restructure several companies such as Tofan Group, Uton Onesti and Mefin Sinaia, says a compa...
Restructuring of the year: Romtelecom
In less than one year, the biggest fixed telephony operator on the market will lay off 20% of its employees as part of a process that will leave Romtelecom with 10,000 staff from 45,000 in t...
Orkla Foods: restructuring due to poor results
The local branch of the Norwegian group Orkla Foods reported a significant decline in sales and profit last year, against the previous year, and started a restructuring process, according to...
Vel Pitar: Internal restructuring affected profit margins
Vel Pitar, one of the leading producers on the local milling and bakery market, targets turnover worth 150m euros this year, as well as operating income worth around 12m euros, up 60% on 200...
Bancpost poised to boost income after restructuring
Bancpost, the domestic arm of Greek group Eurobank EFG, last year generated net income worth 28.8m euros, up around four times compared with the level reached in 2006. The bank's assets soar...
BCR restructuring more complex than that of other Erste acquisitions
The big challenge of the retail restructuring at BCR is conducting a number of processes in parallel, to make up for the delay in Erste Bank's takeover of BCR, says Martin Skopek, executive...