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Referring to the meeting on 4 March 2015, Goldman said: "Specifically in relation to the BHS pension schemes, Sir Philip expressed his strong wish to agree a sustainable solution and there was a discussion as to the possibility of implementing a restructuring with the approval of the TPR [the Pensions Regulator].
The $1.4 billion (revenue) company is currently implementing a restructuring plan, the savings from which will be used in new product development.
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"When the company finally comes to the table [to implement a restructuring], the level of financial distress is likely to be more severe and there will be less time to implement a successful restructuring," says Mr Field.
"A new growth strategy is needed, and we must implement a restructuring to that end," Naoyuki Akikusa, Fujitsu's president, said at a news conference.
"Assuming all stages of the restructuring are implemented in full, it puts the group on a secure financial footing, with a sustainable debt level and an ability to implement a restructuring of the business".
Mercedes are to implement a restructuring plan that will see Toto Wolff and Paddy Lowe in charge as executive director (business) and executive director (technical) respectively.
An AMD spokesperson pointed out via e-mail that AMD has implemented a restructuring plan designed to reduce the firm's break-even point and divested noncore assets under Meyer's leadership.
"My administration has worked diligently to develop and implement a restructuring plan for the City of Detroit," Bing said in a statement sent to The Huffington Post.
Micron Electronics muei put on a nice little comeback under Joel Kocher last year, significantly increasing revenue and implementing a long-overdue restructuring.
In these extremely tough conditions, our UK construction business has been concurrently implementing a substantial organisational restructuring in order to streamline the business for future success while reducing costs to remain competitive".
Even if a deal on losses is agreed in principle, a substantial number of holdout creditors could force the Greek government to implement a coercive restructuring.
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