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In November it announced a restructuring plan to lop some €1.5 billion a year off its costs.Alstom now finds it has almost an embarras of white knights.
A restructuring plan is supposed to lop up to €1.5 billion a year off its costs by April 2016.
What is a restructuring plan bonus?
It is now working on a restructuring plan with creditors.
Although a restructuring plan was in the works, Ford suffered a series of other blows.
A restructuring plan announced last week will cost 700 jobs and a further €1.2 billion.
Instead, the budget asks SUNY to submit a restructuring plan for the hospital by June.
For instance, Chapter 11 gives debtors the right to propose a restructuring plan within 120 days.
The next month, it unveiled a restructuring plan to cut 7,000 jobs.
Those lower down, who stand to get nothing, can be forced to accept a restructuring plan.
US Airways said it would file a restructuring plan with the bankruptcy court in mid-December.
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