Reorganisation has been succeeded by reorganisation for nearly 40 years, but this basic debate has never been held, for unfortunately obvious reasons.
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Reorganisation—if the board supports it—could take years to yield results.
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Credit Suisse Group and Rothschild & Co advised Olam on the reorganisation review.
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"Sistema is proposing a mechanism to resolve the dispute, which will allow the results of the Bashneft reorganisation, and the financial consequences of this reorganisation for the oil company, to be evaluated out of court," Sistema spokesman Sergei Kopytov said.
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SME BANK and IBANK have been undergoing reorganisation as part of their rehabilitation plans.
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SAUDI COURT APPROVES AL-SANEA AND SAAD'S FILING FOR FINANCIAL REORGANISATION UNDER BANKRUPTCY LAW
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Daimler announced the reorganisation would also impact the areas of research, production and strategy.
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At the end of the reorganisation Camfin will hold more than 10 percent of Pirelli.
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KEY RATING DRIVERS Fitch is withdrawing the programme ratings as Propertize B.V. is undergoing reorganisation.
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The latest reorganisation would give leadership roles to executives who have been driving investment decisions.
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Liquid Telecom's recovery analysis assumes a post-reorganisation EBITDA 25% below pro-forma FYE17 EBITDA.
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Profit was impacted by costs related to a Tier-II capital bond and its reorganisation.
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TAP ordered 14 of the jets as part of a wider fleet reorganisation last year.
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Under a government reorganisation in March, the environment ministry took over supervision of the diversion scheme.
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Since 1974 there has been a reorganisation of the English NHS about once every two years.
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Two separate sources said around 20 bankers from the two teams are affected by the reorganisation.
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The transfer follows a reorganisation of the company structure following its acquisition of mobile operator BASE.
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A creditor committee is due to meet in August to decide on the company's possible reorganisation.
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It applied to the country's high court in May to begin a reorganisation of its business.
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It is going through a court-backed reorganisation after filing for insolvency in May last year.
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Gazprom said in a statement the reorganisation would take place in two stages over two years.
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Under the reorganisation, Unipol will sell stakes in insurance companies to its insurance arm Unipol SAI (US.MI).
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The French bank has undergone a sweeping reorganisation over the last year to simplify its ownership structure.
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The reorganisation follows DX's agreement in June to acquire John Menzies' distribution arm via a reverse takeover.
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The assignment of CSL's ratings follows a reorganisation of the operating entity for the Christian Savings organisation.
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However, the company has announced that it is closing down as part of a reorganisation by its owner.
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Airbus is meanwhile going through its own internal reorganisation that unions say will involve some 1,000 job cuts.
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It detailed a reorganisation of bank departments under the bank assembly decision taken at a meeting on Aug.
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The job cuts are the first step in a three-year reorganisation plan the airline announced this year.
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Its decision underscores the vast reorganisation that even banks with relatively small continental interests are having to undergo.
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Deutsche Bank, Germany's biggest bank, is expected to announce further details of its reorganisation plans early on Thursday.
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"Discussions to agree final terms on the recapitalisation and reorganisation of the company are continuing," Thomas Cook said.
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The insurer will streamline its business in France after having completed a reorganisation in Italy and Germany, MF reporsted.
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In the second stage of the reorganisation, Europlan will transfer its leasing business to a new subsidiary (new leaseco).
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An EV multiple of 5x is used to calculate a post-reorganisation valuation and reflects a mid-cycle multiple.
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Last year Morses cashed in when Provident was hit by a botched reorganisation and took on about 23,000 customers.
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It said it would implement the reorganisation of CIB on a country by country and case by case basis.
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An EV/EBITDA multiple of 103x is used to calculate a post-reorganisation valuation and reflects a mid-cycle multiple.
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Last month, however, this extensive reorganisation was cast into doubt when Ms Raggi appealed to the courts to block it.
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The group said on Friday it had implemented the corporate reorganisation project approved by the board on 9 November 2017.
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The CEO did not elaborate further but referred to a reorganisation of Sanofi's global business units unveiled earlier this week.
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The reorganisation will take up to two years to implement, Schaeffler said, and was criticised by UK trade union Unite.
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One source close to the matter said the transaction would involve a reorganisation of Mubadala's outstanding debt, without elaborating further.
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It reflects Fitch's view of a sustainable, post-reorganisation EBITDA level upon, which we based the valuation of the company.
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The planned reorganisation of the bonds means IPIC and MDC's debt will sit under only one public investment vehicle, MDC.
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The Baowu acquisition is an "important measure to accelerate the merger and reorganisation of overcapacity industries," Maanshan said in the statement.
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He said other regions would be affected by the global reorganisation but declined to say how many jobs were at stake.
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Wood added that Bain's offer to buy esure without planning material job cuts or major reorganisation was a "very attractive" prospect.
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We may take action on Old Mutual plc's ratings as further reorganisation announcements are made, including further details on debt reduction.
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Net job losses are expected to total roughly 150, with 50 new roles being created in the reorganisation, the report said.
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Chief Executive Officer Levy, who has led the company since 1987, said the reorganisation had been one of his toughest challenges.
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AccorHotels, which competes with InterContinental, Marriott and Starwood, is undergoing a reorganisation initiated by Bazin, who took over in August 2013.
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Shareholders representing only 2225% of outstanding shares opted to withdraw from the Italian broadcaster's reorganisation plan, the company said on Friday.
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In the United States, energy group PG&E Corp is looking to rescind costly PPAs as part of a Chapter 11 reorganisation.
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Among the reasons for the poor response was a reorganisation of the borrower midway through syndication and what many considered tight pricing.
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And his reorganisation of the DIA, which encroached on the CIA's turf and expensively duplicated its intelligence-gathering, contributed to his downfall.
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A reorganisation over the last two and half years returned it to double-digit sales growth in the first quarter of 2019.
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The first is that it was only a sketch, with handwaving in lieu of detail on the massive economic reorganisation it envisages.
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The first is that it is only skeletally sketched, with handwaving in lieu of details for the massive economic reorganisation it envisages.
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But such reorganisation requires the consent of Congress, which is typically tough to secure but nearly impossible several months before an election.
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In January, the owner of Bertolli, Carbonell and Koipe brands said it began a reorganisation, affecting 14 percent of its total workforce.
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The company also lowered its revenue forecast for the full year to about 900 million euros following the reorganisation of Consumer Sports.
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The Italian shipbuilder said its nine-month results were dented by a negative performance of its subsidiary Vard, which is undergoing reorganisation.
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An enterprise value (EV) multiple of 8.0x for the manufacturing sector is used to calculate a post-reorganisation EV of USD337 million.
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After the reorganisation and spin-off, there would be three separate Siemens business, all able to shape their own future, he said.
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An enterprise value (EV)/EBITDA multiple of 4.0x is used to calculate a post-reorganisation valuation and reflects a mid-cycle multiple.
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As a result of mounting losses, Greyhound Lines filed for reorganisation under Chapter 11 of the U.S. Bankruptcy Code while bus operations continued.
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"If the court formally accepts the application for reorganisation...(Chongqing Steel) will be exposed to the risk of declaration of bankruptcy," it said.
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The Ceconomy outlook does not include potential expenses from the reorganisation of the company, nor the costs resulting from changes in top management.
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The reorganisation of the SNCF is designed to prepare (though will not privatise) the railways for upcoming competition under previously approved European rules.
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"The continued evolution of the bank's precious metals capabilities will lead to some staff reorganisation," the bank told Reuters in an emailed statement.
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Urbanisation absorbs surplus labour from the countryside, facilitating the reorganisation of farms into larger and more efficient units, increasing productivity in rural areas.
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Marxist feminists named the value of women's unpaid reproductive and domestic labour and demanded a radical reorganisation of society to value women's work.
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The ruling only applies to the 9.9% stake Vivendi directly holds in Mediaset, the sources said, not enough to block Mediaset's reorganisation blueprint.
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As part of this reorganisation, Ross was offered a new position at the exact same level and compensation, which he declined to accept.
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DX said it would split its business into DX Express and DX Freight and the reorganisation would give greater flexibility in managing costs.
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The division was also hurt by delivery issues, a sales force reorganisation and changes to some courses that affected what products students bought.
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After a reorganisation of the portfolio, Pandox will retain ownership of 20 investment properties and one operating property in the UK and Ireland.
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The going-concern EBITDA estimate reflects Fitch's view of a sustainable, post-reorganisation EBITDA level upon which we base the valuation of the company.
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He has executed a sweeping reorganisation of the People's Liberation Army (PLA), partly to ensure its loyalty to the party, and to him personally.
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Cevian, an activist shareholder of long standing which owns 18% of ThyssenKrupp, is demanding "fundamental reorganisation" of industrial activities, scrapping Mr Hiesinger's centralised structure.
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KEY RATING DRIVERS OMW's affirmation reflects Fitch's view that under the group's reorganisation plans, it will operate as a standalone UK/European insurance business.
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Hyflux started the process of a court-supervised reorganisation of its business in May to protect it against creditors as it restructured its debt.
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A Milan court had been scheduled to rule on Vivendi's request to freeze the reorganisation this week but has postponed its decision to Nov.
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Evergrande said in Wechat comments to Reuters the dividend being paid out was as per existing policy and that the reorganisation was progressing steadily.
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The Swiss private bank on Monday said it was handing over its equity brokerage business to Zuercher Kantonalbank (ZKB) as part of a reorganisation.
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Earnings before interest and tax (EBIT) may increase by about 30 million euros ($33 million) per year as a result of the reorganisation, it said.
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Provident first warned about problems at its door-to-door lending operation in late June after a botched reorganisation led to a shortage of staff.
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To push growth and reduce bureaucracy, Chief Executive Officer Albert Bourla has ordered a reorganisation of Pfizer into three businesses since taking over in January.
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Prudential will spend around 250 million pounds on the reorganisation and aims to achieve cost savings of around 145 million pounds per year by 13.
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The decision was part of a reorganisation to make the bank more effective, according to the document, and was taken at an internal bank meeting.
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NWR's main business unit filed for insolvency on Tuesday after failing to secure government aid, but could still agree a reorganisation plan to stay afloat.
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We expect a gradual increase in group operating margin towards 13%-13.5% by 2019 from additional cost savings, productivity gains, production reorganisation and price increases.
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The reorganisation of the utility's activities in Chile is an operation that could easily be worth more than $2100 billion, MF said, without citing sources.
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A reorganisation he oversaw was loathed by staffers, and he fired several senior staff members, some of whom had only recently been given new roles.
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NSF made its offer following a botched reorganisation of Provident's home credit business that led to profit warnings, its CEO's exit and a dividend suspension.
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The commercial court in Dammam last month approved an application from indebted billionaire Maan al-Sanea and Saad, after they filed for a financial reorganisation.
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Net profit, including reorganisation costs, will be more than 200 million euros next year from an adjusted net profit of 250 million euros this year.
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Applying for company reorganisation is a form of administration where a court appointee is charged with restructuring the firm with the aim of avoiding bankruptcy.
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The archdiocese, which has been hit by a number of lawsuits by victims of abuse, has filed for reorganisation bankruptcy in the island's U.S. district court.
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On Monday, the firm's CGT union said Engie was considering the future of its LNG business, which could lead to a reorganisation and maybe a sale.
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Mr Brynjolfsson and his co-authors forecast that such advances will eventually lead to a widespread reorganisation of jobs, affecting high- and low-skilled workers alike.
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Bezeq has undergone a reorganisation in recent months following a securities investigation into its management and owners that forced out its former chairman and chief executive.
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Three bankers have left Credit Suisse as part of a reorganisation of the bank's emerging markets trading business, a source familiar with the matter told IFR.
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Mediaset said earlier on Tuesday a Milan court had extended a deadline for it to rule on a Vivendi request to freeze the reorganisation to Nov.
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That commitment is unrelated to and unaffected by the reorganisation of our policy team, which was widely reported and which impacted many members of the team.
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The metals producer cited in the notice "consecutive losses and the fact that it has already entered bankruptcy reorganisation procedures" as reasons for the missed payment.
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Prime Minister Narendra Modi's government insists that the reorganisation in August was essential to spur development in Jammu and Kashmir, which is also claimed by Pakistan.
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The reorganisation will help the company keep pace with the changing economic structure of the country, from fast growth to quality development, Greenland said in a statement.
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While Fitch's base case expectation is that the reorganisation will be neutral for Europlan's creditors, moderate risks exist in relation to the leverage of the new leaseco.
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This is due to the likely strong coverage of the bank's third-part liabilities by liquid assets at the time of the second stage of the reorganisation.
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Guillaume Faury, who leads Airbus Helicopters, may be responsible for engineering, the people said, asking not to be named because the reorganisation has not yet been announced.
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The deal could value the business at up to 500 million euros ($595 million) in what would be the Italian insurer's biggest divestment in its latest reorganisation.
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Over the course of the year, Mothercare, completed a refinancing, a company wide reorganisation and the disposal of its educational toy brand Early Learning Centre among others.
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Now he has been replaced as part of a wide-ranging reorganisation of ministries and senior officials intended to implement Vision 22015, the kingdom's economic transformation programme.
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As losses mount, Vekselberg's companies have swapped out management, most recently at Oerlikon, which has named former Siemens power and gas boss Roland Fischer to spearhead reorganisation.
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NULIS became trustee of MLC Super Fund in mid-2016 after a reorganisation of the superannuation fund structures, which led to a transfer of members to MLC.
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The lender, which provides credit to people who do not meet the lending criteria of mainstream banks, has been working at winning back customers after the reorganisation.
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The sale move is part of a global reorganisation of the wholesaler and comes as China's wholesale and retail sectors are experiencing disruption from e-commerce players.
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BuzzFeed reports that the website laid off its editorial staff on Wednesday, with a spokesperson citing "reorganisation" (with an "s" because British) as the root of this decision.
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Railway workers, or cheminots, are on strike against a reorganisation of the SNCF, the national railway, which would put an end to jobs-for-life for new recruits.
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The Socialist government has intervened in internal talks on reorganisation of the SNCF to try to defuse tensions, and made concessions to avert an air traffic controllers' strike.
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Paravion, Romania's first flight booking platform, said the reorganisation would not affect customers' ability to book plane tickets, accommodation and buy holiday packages via the Romanian portal Paravion.ro.
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Portfolio Reorganisation: Unilever has announced its intention to divest or spin off the Spreads unit (part of its Food business) and to establish an integrated Food & Refreshment unit.
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That stated, we expect asset disposals, the portfolio reorganisation, and the acceleration of the saving programmes to improve profitability and debt repayment capacity and to sustain value creation.
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HONG KONG, Nov 16 (IFR) - The Asian credit market was slightly tighter on Wednesday as Chinese e-commerce group JD.com rallied following the announcement of a possible reorganisation.
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CCD, the company's home credits business, suffered a botched reorganisation in 2017 that had led to the departure of its chief executive officer and forced a profit warning.
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British lender HSBC Holdings slid 6.6% after it said it would shed $100 billion in assets and cut 35,000 jobs over three years as part of a reorganisation.
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Geneva-based Leite had been appointed to the role in April of last year as part of a global reorganisation at Tereos to weather an industry-wide slump.
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"We have wrapped up the reorganisation and all of our figures have converged with those of other players in the banking system," Adam Balog told a news conference.
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OSLO, July 2 (Reuters) - Offshore drilling rig contractor Seadrill said on Monday it had successfully completed its reorganisation, emerging from a U.S. Chapter 11 bankruptcy process launched last September.
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Following the reorganisation, Fitch will assess if Paragon should be rated under its "Global Bank Rating Criteria" to reflect the material increase in bank assets relative to the group.
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The lender said on Friday it agreed to enter exclusive talks with Coima Sgr on a real estate transaction linked to the reorganisation of the bank's presence in Milan.
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The group, which is undergoing a reorganisation under new leadership, reported adjusted basic earnings per share of 55.1 pence in the year to March 31, up from 53.2 pence.
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A Milan judge rejected a request by France's Vivendi to suspend a planned reorganisation at Mediaset, the companies said on Monday, potentially boosting the Italian broadcaster's European expansion strategy.
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The 'D' rating is appropriate even though the court proceedings are to confirm a pre-packaged plan of reorganisation that has been agreed with almost all of GATE's noteholders.
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We may take action on OMW's ratings once Fitch has assessed the company's standalone profile, based on more information regarding the proposed reorganisation, including the ultimate ownership of OMW.
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Provident has suffered from a bodged reorganisation of its door-to-door lending business that led to profit warnings, the departure of its CEO, and a share price plunge.
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The Iveco spin-off might be part of a wider reorganisation plan for CNH Industrial, which is expected to be announced during a presentation to investors scheduled for Sept.
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"Discussions to agree final terms on the recapitalisation and reorganisation of the Company are continuing between the company and a range of stakeholders," Thomas Cook said in a statement.
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The creation of a holding structure involves complex legal and tax issues, the Lufthansa spokesman said, adding that the company had no specific timetable for carrying out the reorganisation.
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MEDIASET - A Dutch court will decide on a request by France's Vivendi to suspend a planned reorganisation at Italian broadcaster Mediaset on February 2300, two sources said on Monday.
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As part of the reorganisation, David Vaamonde has been promoted to partner, due to his "consistently excellent" performance in financials, while Antoine Chabanne had been hired as a portfolio advisor.
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Gujaratis have a reputation for being industrious and pragmatic; perhaps that explains why farmers are willing to submit to the shrinkage and reorganisation of the lands they used to cherish.
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Besides a fresh emphasis on greenery, three structural reforms stand out: reorganisation of the public sector, reform of unemployment insurance and welfare benefits, and rationalisation of the French pension system.
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The group said it was also banking on a reorganisation of its business in Korea and a diversification of its brands, sales channels and markets to drive its future growth.
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At the heart of the strategy is the reorganisation of SAA into three business units focusing on the domestic market, the rest of Africa and the international market, Jarana said.
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SHANGHAI, Dec 5 (Reuters) - Chinese ride hailing giant Didi Chuxing on Wednesday announced a reorganisation plan which it said was aimed at improving the safety and efficiency of its platform.
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France's Vivendi has filed an appeal against a decision by a Milan judge to clear the way for a planned reorganisation at Mediaset, Italy's biggest commercial broadcaster said on Thursday.
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The company said the reorganisation is expected to reduce costs by 5 million pounds ($6.50 million) in the current financial year, and by 7 million pounds on an annualised basis.
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Investors have the option of demanding 70 billion yuan back if the reorganisation and listing do not happen by end of next month, and the rest by end-Jan 2021.
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The International Monetary Fund wants the government to gradually sell off its stake following the reorganisation, but a senior Azeri official said there are no firm plans in place yet.
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The London-based company also announced a structural reorganisation, with a new leadership team including a "more integrated entity", dismantling the century-old separation of its upstream and downstream operations.
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Notable deals included the US$3.9bn restructuring of Alpha Natural Resources, the 18bn reorganisation of Credit Agricole and its regional banks, and the merger of Coca-Cola's Spanish and German businesses.
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"BT will retain control over the overall budget for Openreach and it appears that it will be able to recoup any costs associated with the reorganisation," said Andrew Hogley at Mirabaud.
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"In light of the complex business reality the entire pharmaceutical industry and Teva in particular face, Teva has been implementing in recent years a global reorganisation," it said in a statement.
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The transaction is part of Iccrea group's reorganisation to meet the new regulatory requirements set by the reform of the Italian mutual banking sector of the Banche di Credito Cooperativo (BCCs).
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P&R would also require a major reorganisation of the sport's annual schedule, and would spark fierce opposition from university clubs, who would lose many of their athletes to professional ones.
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PARIS, Feb 3 (Reuters) - Vivendi will lodge an appeal after a Milan judge rejected its request to suspend a planned reorganisation at Italy's Mediaset, the French media group said on Monday.
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However, TIM Chief Executive Luigi Gubitosi is planning a reorganisation of the company's commercial activities after a partnership with Google on its data centre business, one of the source told Reuters.
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The company has said it will unilaterally open the procedure for temporary state-backed layoffs if unions will not change their veto on the group's labour reorganisation plan, two unionists said.
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As part of the reorganisation, Dilhan will take over as head of Americas from Boon Sim, who will leave on May 1, state investor Temasek said in a statement on Tuesday.
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Provident plummeted as much as 2300 percent after warning on profit, saying operational disruption from the reorganisation of its consumer credit division would weigh for the rest of the financial year.
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Low recovery rate The metals group filed for restructuring at the end of last year, but failed to come up with a court-ordered reorganisation plan within a six-month window.
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LONDON, Jan 17 (IFR) - Barclays has expanded the responsibilities of Kathryn McLeland to running treasury and investor relations as part of an internal reorganisation, according to people familiar with the matter.
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STOCKHOLM, Dec 13 (Reuters) - Sweden-based refiner Nynas AB, which is owned by Venezuela's state-run PDVSA and Finland's Neste Oil, on Friday filed for company reorganisation at a Swedish court.
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REORGANISATION In one of its biggest changes, BP will dismantle the traditional model of an oil and gas production, or upstream, unit and a refining, trading and marketing, or downstream, unit.
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The reorganisation, effective April 1, would generate annualised savings of 40 million pounds by 13, with a one-off cost of 45 million pounds spread across 2018 and 2019, the group said.
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The construction would be part of a reorganisation of its Malaysian operations, under which the existing factory would stop building passenger cars and focus on commercial vehicles, Toyota said in a statement.
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Ping An, which has a market value of around $26.6332 billion, booked a net gain of 9.5 billion yuan through an internal reorganisation in the second quarter of its internet finance business.
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MILAN, Feb 10 (Reuters) - A Dutch court will decide on a request by France's Vivendi to suspend a planned reorganisation at Italian broadcaster Mediaset on February 24, two sources said on Monday.
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However, Provident Financial plummeted up to 20 percent after it warned that disruption from the reorganisation of its consumer credit division would weigh its results for the rest of the financial year.
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In the first stage of the reorganisation, Europlan will become the owner of the other non-banking financial assets of its main shareholder, the Safmar holding (formally known as B&N group).
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The trustee, Saleh A. Al-Naim, sent a notice to creditors - seen by Reuters - announcing the beginning of the financial reorganisation proceedings, and asked them to submit their claims within 90 days.
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The British bank has expanded the responsibilities of Kathryn McLeland to running treasury and investor relations as part of an internal reorganisation, according to people familiar with the matter, Reuters IFR reported.
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Weinstein, who denies having non-consensual sex with anyone, sold his stake nearly a decade ago amid a reorganisation in which the producer was focusing on his movie assets, Liotard-Vogt said.
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AccorHotels, undergoing a reorganisation begun by Chief Executive Sebastien Bazin in 2013, said it aimed to continue to significantly improve its operational and financial performance this year despite a volatile global economy.
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"At a time when the government is so utterly dependent on its civil service, it would be catastrophic to embark on a distracting reorganisation to address misplaced views about the civil service."
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The Italian insurer said on Thursday it had called an extraordinary shareholder meeting on March 240 to approve amendments to its corporate governance rules, adding it had launched a top management reorganisation.
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The online bank does not envisage any extraordinary operations, its CEO told Il Sole 210 Ore when asked if FinecoBank could play a role in the reorganisation of the asset management sector.
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DUBAI, May 8 (Reuters) - Gulf stock markets may edge up on Sunday in response to firmer U.S. stock prices and a reorganisation of the government in Saudi Arabia, which could encourage investors there.
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InVivo, a grouping of 220 agricultural cooperatives and one of the largest exporters of French cereals, has focused on overseas growth under a reorganisation launched two years ago by Chief Executive Thierry Blandinieres.
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We expect further corporate reorganisation in the next 12-7503 months, under the final months of the current CEO's tenure and possibly additional moves during the upcoming 2018-2022 plan under new management.
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Many of the companies that have powered the tech rally are being reclassified in the overhaul that takes effect on Monday and may demand a substantial reorganisation of holdings by big institutional investors.
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Unipol said on Friday it had approved a reorganisation of its insurance and banking businesses that will knock around 17 percentage points off the Solvency II ratio of its main insurance unit UnipolSai.
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The company, which provides credit to people who do not meet the loan criteria of mainstream banks, billed the reorganisation as a way to create a more efficient and effective home credit business.
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The lender kicked off on July 240 the proposed reorganisation of its Banca Aletti and Banca Akros units and talks with unions are set to continue this week, MF reported citing one source.
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"Following our recently announced Joint Venture in China, including the Hong Kong S.A.R. and Macau S.A.R. territories, this completes the reorganisation of our Asian operations," Ted Baker Chief Executive Officer Lindsay Page said.
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Publicis, whose headquarters lie on Paris' Champs Elysees, has gone through an internal reorganisation over the last 18 months dubbed "The Power of One", aimed at fostering greater cooperation between its myriad agencies.
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Analysts say the reorganisation will reinforce Enders as sole CEO while removing any ambiguity over his successor, as planemaking boss Fabrice Bregier steps up to become chief operating officer of the whole company.
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"Nestle understands this is a difficult time for its employees and is fully committed to mitigate the social impact of the reorganisation, which will now be implemented," the group said in a statement.
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Earlier on Thursday, Li's ports-to-telecoms conglomerate CK Hutchison reported a net profit of HK$31.17 billion ($4 billion) for 2015, in its first full-year earnings report after a reorganisation last year.
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La Tribune, which first reported the changeover at space systems, said the reorganisation could lead to other departures, accelerating a sweeping management overhaul already driven partly by an ongoing corruption probe and scheduled retirements.
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The reorganisation allows CGTN and the other services to retain their separate identities under a combined management controlled by the Communist Party's Publicity Department, a powerful agency in charge of propaganda and media censorship.
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He has shown little interest in representing American ideals, such as the promotion of human rights, while carrying out a botched reorganisation of the State Department that has left it hollowed out and dysfunctional.
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While that reorganisation has yet to reverse Woolworths' sliding market share, analysts say the Masters debacle limited Woolworths' ability to compete aggressively in supermarkets, a burden that will be lifted early in Banducci's tenure.
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The government hopes to turn that around: police wages have been bumped up, and officers who left during a reorganisation three years ago (which coincided with a rise in crime) have been re-hired.
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The core protest has coincided with sectoral issues such as difficult reorganisation negotiations to prepare the SNCF for Europe-wide liberalisation of train traffic in 2020 and, at Air France, efforts to reduce costs.
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NAIROBI, Dec 10 (Reuters) - Kenya's Consolidated Bank said on Monday it was seeking an investor, either foreign or local, to inject 3.5 billion Kenyan shillings ($34.21 million) as part of its balance sheet reorganisation.
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The reorganisation comes weeks after Abraaj said it had hired global auditing firm KPMG to look into the finances of its healthcare fund after a reported dispute with some its investors in the fund.
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The results are the first since Vishal Sikka quit Infosys as CEO in August after a lengthy feud between the board and the company founders that also led to a reorganisation of the board.
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Fitch has upgraded CBK's and KIB's Viability Ratings (VR) to 'bb' (from 'bb-') and 'bb-' (from b+), respectively, due to their improving financial profiles following the successful execution of strategic objectives and business reorganisation.
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The Italian-American industrial vehicles maker is considering a possible spin-off of its truck unit Iveco as part of a wider reorganisation plan, a source with knowledge of the matter said on Thursday.
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As part of the reorganisation, Aviva said it would merge its rates and emerging market debt teams into a new Multi-Asset and Macro unit, and create a Credit unit and a Solutions unit.
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Knitted items saw a significant drop in profitability as a result of lower sales volumes and margins, and due to reorganisation costs incurred both in Mauritius and Madagascar, the company said in a statement.
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While full details of the reorganisation are not yet available, materially increasing the size of Paragon Bank facilitates capital management and highlights Paragon's strategy to increase the share of retail deposits in its funding mix.
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The Italian eyewear group reported on Monday a 0.8 percent rise in 2016 adjusted sales helped by its fast-expanding retail network, while reorganisation efforts in the U.S. and Chinese markets hit its wholesale business.
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In an effort to boost earnings and cut costs after tough market conditions precipitated a prolonged performance dip, its investment bank, run by co-heads Piero Novelli and Robert Karofsky, is undergoing an internal reorganisation.
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Three of the four rail unions called their members out on an open-ended strike over a planned reorganisation even though the government has intervened to press SNCF management to protect train drivers' weekends off.
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LONDON, July 10 (IFR) - Societe Generale has promoted Andrew Menzies to global co-head of corporate origination as part of a broader reorganisation of the bank's debt capital markets business, according to a company memo.
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It is looking at capital increases, dividend management and a reorganisation of its shareholdings to finance the Barclays deal and will use Morocco's foreign reserves, with no plans for international bonds or bilateral foreign deals.
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COPENHAGEN, Jan 9 (Reuters) - Denmark's biggest lender Danske Bank plans to cut up to 108 jobs in Finland due to a reorganisation of its unit there which employs around 2,000 people, it said on Thursday.
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After appointing a new CEO and CFO last summer, cloud infrastructure provider DigitalOcean is embarking on a wider reorganisation: the startup has announced a round of layoffs, with potentially between 30 and 50 people affected.
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I am also excited about the reorganisation that saw the appointment of our first Chief Diversity Officer, who ticks all the boxes—as should you when the latest employee-satisfaction survey hits your email address.
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Indicated 0.4 percent higher The group is offering early retirement and voluntary redundancies to staff at its Services division as part of a reorganisation, the Mannheimer Morgen paper reported, citing a message sent to SAP staff.
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Kunibe said the management reshuffle coincides with the planned reorganisation of the group's structure, which will give the holding company stronger control over its operating units, including the core commercial bank, Sumitomo Mitsui Banking Corp (SMBC).
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As part of its recent portfolio reorganisation, GSK exited the increasingly competitive oncology treatment area to concentrate on its enlarged vaccines and consumer-health operations, which are expected to offer growth opportunities particularly in developing markets.
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While formalising such a system would narrow divisions in the Chinese church over time, the recent rumour is that a pact could also lead to some reorganisation of the church as it presently exists in China.
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Military reforms that Mr Xi introduced in 2015, including a slimming down of the army and reorganisation of the command structure along American lines, are also likely to have given China more bang for its yuan.
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The ad group reported higher first-quarter revenue on Tuesday, helped by accounts won at the end of last year and growth at digital business Sapient, and said it would complete its reorganisation by the summer.
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The reorganisation by Italy's top commercial broadcaster aims to create a new holding company, called MediaforEurope, to pursue pan-European tie-ups and meet rising competition in the industry as growth stalls in Mediaset's domestic market.
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In a separate statement, the casino operator said its Chief Financial Officer Chad Barton has resigned after the company undertook a reorganisation to consolidate its finance, strategy, investor relations and IT functions under the CFO role.
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The redundancies, of which a source says a U.K. portion were announced internally on Friday, are part of a reorganisation over the last few months that is seeing Just Eat's customer and restaurant operation teams merged.
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Based in St Louis Missouri, Emerson announced the sale of the division last summer as part of a wider reorganisation that includes spinning off its network power business, in which German peer Siemens has showed interest.
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VIVENDI SA: A Milan judge could wait until early next year before deciding on Vivendi's request to suspend a corporate reorganisation at Italian broadcaster Mediaset, two legal sources said after a closed-door hearing on Friday.
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The reorganisation comes as China prepares this month to launch its long-awaited crude oil futures contract, which will be Asia's first pricing benchmark, giving the world's top oil importer greater clout on the global market.
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The Chinese aviation-to-financial services firm has been offloading assets and its stakes in companies such as Hilton Worldwide Holdings Inc, Park Hotels & Resorts and Spain's NH Hotel Group SA as part of a wider reorganisation.
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Provident Financial was the biggest individual faller, plummeting up to 20 percent after it warned that disruption from the reorganisation of its consumer credit division would weigh on its results for the rest of the financial year.
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COLOMBO, Aug 21 (Reuters) - Sri Lankan shares ended at a seven-week high on Tuesday, led by sharp gains in Distilleries Company of Sri Lanka PLC after the company announced a reorganisation of shares and stated capital.
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The reorganisation means Nordea's Finnish subsidiary, the country's second-biggest bank with a market share of about 30 percent, will in future be supervised by Swedish authorities, instead of by the European Central Bank or Finnish authorities.
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The company said the reorganisation of its head office and business functions is expected to reduce costs by 5 million pounds ($6.50 million) in the current financial year, and by 7 million pounds on an annualised basis.
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Following consultations, the company has now determined that it will keep around 150 IT employees in Switzerland, compared to the 100 originally announced in May, and will extend the reorganisation plan into the second half of 2020.
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The company has already undergone a reorganisation that is expected to save 50 million euros ($58.11 million) by 2020 and, following up, Conze flagged a strategy overhaul that he will unveil after third-quarter results in November.
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Provident Financial, which lost 70 percent of its value last year after a botched reorganisation of its home credit business led to two profit warnings, posted a 24 percent drop in first-half adjusted pre-tax profit.
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A net present value of 800 million euros for synergies expected from the reorganisation of the group is a "cautious" estimate, Mediaset CFO said on Monday in a conference call with analysts, according to Il Sole 24 Ore.
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Repayment of part of Europlan's existing debt is possible if this is accelerated as a result of the reorganisation, although Fitch views it as unlikely that debt acceleration, if any, will put significant pressure on the company's liquidity.
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LONDON, June 4 (Reuters) - Spain's Banco Santander is to cut about 200 jobs in its British subsidiary as part of a reorganisation, it said on Tuesday, adding that the changes would affect the corporate and commercial banking division.
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"The money for Eskom is insufficient given the length of time over which the Eskom reorganisation will occur and the practical and political pitfalls that are ahead," said Peter Attard Montalto, head of capital markets research at Intellidex.
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"Undoubtedly the lower oil price reduced its operating costs but I think it really goes down to the restructuring we have done," Kooheji said, referencing the airline's ongoing reorganisation which has resulted in cuts to routes and jobs.
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"What's been communicated today was a reorganisation, which did not include a specific number of job cuts," a person familiar with the matter said, adding that the restructuring would be carried out by the end of the year.
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An Italian court ruled in favour of a petition filed by French media giant Vivendi to vote against Mediaset's reorganisation plan, the two companies said on Saturday, though the decision will not be enough to scupper the deal.
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MILAN, Aug 31 (Reuters) - An Italian court ruled in favour of a petition filed by French media giant Vivendi to vote against a Mediaset reorganisation plan at the Italian group's upcoming shareholders' meeting, two sources said on Saturday.
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During those years, Hamers was responsible for a major reorganisation as the bank tried to recover from the financial crisis and realign its operations with new technology, closing hundreds of bank offices and cutting more than 10,000 jobs.
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MILAN, Dec 6 (Reuters) - A Milan judge could wait until early next year before deciding on Vivendi's request to suspend a corporate reorganisation at Italian broadcaster Mediaset, two legal sources said after a closed-door hearing on Friday.
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" HOW TECHNOLOGY COULD BOOST PRODUCTIVITY "I feel that there is an element of something that is fundamentally positive which is the advent of machine learning, big data, the reorganisation of the economy that comes with really breakthrough technologies.
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KEY RATING DRIVERS Spin-off Includes Flagship Properties: Under the proposed reorganisation, Wharf REIC will hold six premium Hong Kong investment properties, including the Wharf's flagship Harbour City and Times Square shopping malls, if the spin-off is completed.
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Prime Minister Manuel Valls has refused to scrap the labour reform but his government has sought to bring the railway protest to an end by offering guarantees to protect existing rest and shift time quotas in SNCF reorganisation talks.
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Whitman, a 23-year stalwart of Deutsche's capital markets businesses, was appointed to the executive committee of the corporate and investment Bank as "capital czar" in June 2017 following a reorganisation in the division under former CEO John Cryan.
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MILAN, Nov 5 (Reuters) - Italian broadcaster Mediaset and its hostile shareholder Vivendi are in talks over ways to overcome a dispute over the governance of Mediaset's pan-European TV reorganisation, two sources close to the matter said on Tuesday.
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Provident, which has 22017 million customers, has been working to revive its doorstep lending after a badly-executed reorganisation led to a CEO departure, a profit warning and the suspension of its dividend for the first time in 21.
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Since its problems began in 2017, Provident's share price has tumbled more than 55 percent, hit by a botched reorganisation of its home credit business which led to profit warnings, management changes, regulatory issues and the suspension of dividends.
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Banks are paying out bonuses based on 'fictitious measures of profit' that do not take into account costs from misconduct fines and reorganisation, McFall wrote in an article on the website of bank reform advocacy group New City Agenda.
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MILAN, Aug 29 (Reuters) - Italian-American industrial vehicles maker CNH Industrial is considering a possible spin-off of its truck unit Iveco as part of a wider reorganisation plan, a source with knowledge of the matter said on Thursday.
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The world's fifth-largest hotel group, undergoing a reorganisation initiated by Chief Executive Sebastien Bazin, said it paid 148 million euros ($168.5 million) for onefinestay and pledged to invest a further 64 million to help the company grow worldwide.
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The filing on Monday with the Dutch register of companies gives the Milan-based TV company 6 months to complete its reorganisation project, a source close to the matter said, delaying a deadline originally set to expire in March.
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Due to be announced as French engineer Alstom remains mired in a political storm over a factory closure, the reorganisation will heavily talk up new digital methods, something Enders hopes will make aerospace stand out from declining industrial sectors.
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However, due to its bank subsidiary, Paragon had already been subject to PRA capital requirements at group level prior to the reorganisation and Paragon's current ratings already factor in the group's robust common equity Tier 1 ratio (15.9% at end-2016).
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Following the reorganisation, significant double leverage at Paragon could lead Fitch to differentiate between the credit strengths of the parent and the bank subsidiary, in particular if this is not mitigated by robust standalone liquidity management at the parent company.
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However, the post-tax loss rose to $203 million compared to $93 million year ago, on the back of reorganisation costs and charges related to its stock market listing in October last year in which it raised nearly 1.5 billion pounds.
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COLOMBO, Aug 220 (Reuters) - Sri Lankan shares rose 083 percent to a one-and-a-half-month high on Tuesday, led by sharp gains in Distilleries Company of Sri Lanka PLC after the company announced reorganisation of shares and stated capital.
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The Paris-based group has gone through an internal reorganisation over the last 18 months, dubbed "The Power of One", aimed at fostering greater cooperation between its myriad agencies and is strongly backed by the newly-appointed chief executive Arthur Sadoun.
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NSF made its offer after a 75 percent fall in Provident's share price in the last two years following a botched reorganisation of its home credit business that led to profit warnings, its chief executive's exit and a dividend suspension.
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Gold was made co-head of the FIG business in November 2016 as part of a broader EMEA debt capital markets reorganisation and was also looking after UK and Irish financial institutions Gerald Podobnik, Gold's co-head, will become sole head.
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FRANKFURT, Oct 26 (Reuters) - Lufthansa is not planning to sell its Lufthansa Technik business, in part or as a whole, but is merely considering a reorganisation of the maintenance unit, a company spokesman said on Friday, partly denying a newspaper report.
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As part of its recent portfolio reorganisation, GSK exited the increasingly competitive oncology treatment area to concentrate on its enlarged vaccines and consumer-health operations, which Fitch expects will benefit from economies of scale and growth opportunities in developing markets.
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In a separate statement, Banco BPM said that its own reorganisation process would cost a total of 788 million euros and would include buying back both the Popolare Vita stake, and a stake in Avipop Assicurazioni currently held by Aviva.
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The company said the reorganisation to create the reinsurance, specialty, and employee benefits divisions would generate annualised savings of 13 million pounds ($55.6 million) by 2020, with a one-off cost of 45 million pounds spread across 2018 and 2019.
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The Italian state-owned shipbuilder is expected to unveil a reorganisation of its off-shore activities when it publishes full-year results, la Repubblica-A&F reported on Monday, adding the overhaul could include the sale of two Norwegian shipyards.
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China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $24.0703 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation.
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The shift in strategy came as the company reported a net loss of 321 million euros ($375 million) in the second quarter after booking costs of 316 million euros relating to writedowns, reorganisation costs and a tax settlement of 202 million euros.
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The German-born executive told Reuters in an interview he was far from bored after five years in the job, during which the company has gone through sweeping governance changes as well as a reorganisation whose final step was approved on Wednesday.
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They also said that the reorganisation starts a process for Lotte Group chairman Shin Dong-bin to strengthen control of the group, as his own stake and friendly stakes in the holding company is expected to outweigh that of his feuding brother.
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Despite the incident, participation in strikes and protests against the labour reform is dwindling, with just 8.5 percent of rail workers still on strike, the SNCF state railway said ahead of crucial negotiations between management and unions over a reorganisation of working time.
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LONDON, Feb 23 (Reuters) - The chief executive and founder of emerging markets focused private equity fund Abraaj Group, Arif Naqvi, has stepped down as head of its fund management business as the firm said it was halting its deployment activities during a reorganisation.
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Reforms to the pension system are being rolled out this year, while the legal framework for a major reorganisation of health and social services around counties (SOTE) should be in place by 1H18, which would allow implementation to start by January 2020.
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The Swedish central bank said last month that the proposed reorganisation would give Swedish authorities more direct responsibility for supervising Nordea's operations in Sweden and abroad and would create grounds for tightening requirements on the Nordic region's biggest bank to strengthen its resilience.
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It has contributed to a reorganisation of the central bureaucracy (the latest reform will put all the Vatican's media operations into a single department) and its members plan to submit to Francis a comprehensive proposal for a new constitution for the Curia.
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The group said this was possible on the back of cost cuts and a reorganisation which included splitting off its healthy assets into a new entity, Innogy, and listing it on the stock exchange last year in Germany's biggest IPO since 2000.
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Airbus has meanwhile poached a senior air finance executive from a unit of General Electric (GE) to oversee the reorganisation of its sales financing operations in the latest evidence of a shake-up under new management, people familiar with the matter said.
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But it booked a post-tax loss of $203 million compared to $93 million year ago, on the back of reorganisation costs and charges related to its stock market listing in October last year in which it raised nearly 1.5 billion pounds.
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PARIS, Dec 9 (Reuters) - Sanofi on Monday said it would end its research efforts in diabetes and cardiovascular diseases as part of a reorganisation plan that will narrow the number of its global business units in the hope of bolstering growth and profits.
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The withdrawal comes as Taikang Group undergoes a reorganisation; it has said it plans to transfer all assets, liabilities and business undertakings relating to its life insurance business from 31 December 2016, including subsidiaries and branches that operate its life insurance business, to Taikang Life.
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In late November, Consolidated Bank said it had given its directors permission to allot up to 3.5 billion shillings in new preference shares to an unidentified investor and that the reorganisation of its balance sheet was a precursor to privatisation at a later date.
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We are confident that the portfolio reorganisation will help accelerate the targeted margin progression and could facilitate any strategic decision in terms of sizeable M&A or more sizeable restructuring in the future, aimed at focusing on the Personal and Home Care businesses only.
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As part of the climate push, Looney is also looking at a broad reorganisation of the company aimed at cutting costs, with one idea being explored to merge parts of the upstream oil and gas production division with refining and petrochemical operations, said five sources.
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As part of a proposed shareholder reorganisation following Mercer's decision, ARC will acquire 193 million Alexander Forbes shares, or 15%, from Mercer at a price of 525 cents per share, amounting to 1,013 billion rand ($69.71 million), the firms said in a joint statement.
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"The objective of this reorganisation is to reduce the number of decision-making chains and to concentrate decision-making powers closer to the needs of the customers," said a BNP Paribas spokesman on Thursday, following a report on the plan by French newspaper Le Monde.
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HONG KONG (Reuters) - China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $10 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation.
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Mr Cuomo has given Joe Lhota, the new MTA chairman, 30 days to come up with a reorganisation plan, ordering him to start with a blank piece of paper and giving him 60 days to assess and allocate capital for track repairs, signal upgrades and new carriages.
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His efforts as the state department's chief executive were worse; Mr Tillerson accepted the administration's demand for a massive cut in its budget (Congress did not) and launched a reorganisation of the department which appears to have succeeded mostly in driving out some of its top talent.
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Up 26.11 percent in early Frankfurt trade An internal row has broken out after Airbus managers at a plant in Britain berated staff for dressing casually and spending too much time in the canteen, fuelling tensions just as the aerospace group embarks on a new reorganisation.
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As a part of what Chinese military officials said would be a focus on command structure reforms under Xi's ambitious military reorganisation, hundreds of personnel from the PLA's new Joint Logistics Support Force, Strategic Support Force, and Rocket Force marched in their national day parade debuts.
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In a paper published in 2015, Nir Jaimovich, of the University of Zurich, and Henry Siu, of the University of British Columbia, argue that this is because firms began responding to recessions by eliminating routine jobs (like repetitive factory or call-centre work) through reorganisation, outsourcing and automation.
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The reorganisation offers Vivendi a good opportunity to exit its investment in Mediaset as the benefits expected from the group's overhaul should be around 3.7 euros per share, which is the price paid by the French group for shares in the Italian company, Il Sole 24 Ore calculated.
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"There is a lot of work which is going on in that sector, not least the reorganisation whose completion we impatiently await," Mugabe, Zimbabwe's sole ruler since independence in 1980, told thousands at a rally to mark the southern African country's 37th independence anniversary in a Harare stadium.
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A near 4 percent rise in retail sales more than offset a drop in wholesale revenues caused by reorganisation efforts launched under 81-year-old founder and controlling shareholder Leonardo Del Vecchio, who has returned at the helm as executive chairman after 10 years out of the limelight.
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What they're saying: Ad Hoc Subrogation Group said in a statement they "hope that this compromise will pave the way for a plan of reorganisation that allows PG&E to fairly compensate all victims and emerge from Chapter 11 by the June 2020 legislative deadline," per Financial Times.
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