Royal Dutch Shell said on Thursday that a total of 5,000 staff would be leaving the Anglo-Dutch oil and gas group as part of a restructuring begun earlier this year.
Shell shake-up to shed 5,000 jobs
Tag Archives: restructuring
Theme-park chain Six Flags files for bankruptcy
In an effort to shed $1.8 billion in debt, popular theme-park chain Six Flags announced Saturday that it was filing for Chapter 11 bankruptcy.
GM China in high gear as parent company rides toward bankruptcy
As General Motors heads toward insolvency, the company that was once the biggest on the planet is still riding high in the world’s most populous country. As the storied American company prepares to financially dismantle its operations between good and poor performing assets, GM China is becoming the crown jewel in the company’s operations.
Colombian father accused of decades-long incest, rape
A central Colombian farm worker has been accused of raping his daughter for decades and fathering eight children with her. White House and GM sources had told CNN Sunday that Wagoner would resign as part of the federal government’s bailout strategy for the troubled automaker. “On Friday I was in Washington for a meeting with Administration officials.
Detroit Tries Muscle: The Return of the Camaro
Few General Motors Corp. cars have ever had the mystique of the Chevrolet Camaro. A macho machine if ever there was one, the Camaro was launched in the 1967 model year in response to Ford’s fabulous Mustang
Germany considers Opel rescue plan
The German government is studying a proposal from Opel and its parent company, General Motors, to save the struggling carmaker with a huge cash injection and a cost-cutting plan. The proposal calls for GM to sell off a stake in its Opel unit, the core of its European operations, in order to win $4.18 billion (€3.3 billion) in government support from Germany and others in the region, said Andreas Kroemer, a spokesman for GM Europe.
GM Europe restructures Opel as a separate unit
General Motors’ European division announced Friday that its German subsidiary, Opel cars, will become an independent unit of the company.
Why March Will Be the Recession’s Tipping Point
Does the economy get worse from here or do the government programs recently signed into law increase confidence and start to put capital to work to create jobs and build businesses?