The Fidesz government, led by Viktor Orban, swept to power in May promising a sweeping restructuring of the public transport sector, including state-owned railways and airlines.
The EMI Group, the music giant that dropped Mariah Carey in January, announced today a sweeping restructuring of its operations that will eliminate 20percentt of its work force.
CMGI, one of the earliest and savviest investors in the Internet, announced a sweeping restructuring yesterday meant to reassure disenchanted investors that it was moving toward becoming profitable and was picking the winners among the plethora of companies it owns.
The company is in the midst of a sweeping restructuring of its North American unit, with plans to close 16 plants and cut nearly 45,000 jobs.
To get back to basics, Heinz is undergoing a sweeping restructuring–its third in six years this one aimed at stripping Heinz of businesses with $1.5 billion in annual sales (17% of total revenue).
The Mitsubishi Motors Corporation outlined a sweeping restructuring plan today that in some ways mirrors that of DaimlerChrysler, which owns about one-third of its stock.
Two weeks after Random House unveiled a sweeping restructuring, the newly consolidated Random House Publishing Group division appointed Susan Kamil, editorial director of Dial Press, as editor in chief of the Random House imprint.
Spanish Airline Shrinks The parent company of Iberia announced a sweeping restructuring that will eliminate at least 4,500 jobs and cut capacity by 15 percent.
Shares in Renesas briefly fell more than 11 percent Monday to a record low after news emerged over the weekend that it planned to cut at least 12,000 jobs — more than a quarter of its work force — and sell unprofitable operations as part of a sweeping restructuring.
After New York's chief judge called last week for a sweeping restructuring of the state's antiquated court system, experts predicted that the proposal would end up like a similar one did last year -- a victim of death by partisanship in Albany.
