Corporate Restructuring
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Companies across regions and sectors have begun ambitious plans to help them counter the global downturn. In a new series, Financial Times reporters examine how individual companies are implementing their restructuring programmes
Reebok restructures under Adidas
Since buying Reebok in 2006 Adidas has faced a challenge to restructure it
Bloomberg widens its portfolio
US group’s investments are part of broader reappraisal of its content strategy that has driven its biggest ever management upheaval
Newsweek to turn new page with relaunch
US magazine aims to re-establish itself as the last word in news
United Airlines sets ambitions at lower altitude
Subdued by a protracted period in bankruptcy, the fluctuating price of jet fuel and a steep downturn in demand for air travel, the Chicago-based carrier has set its sights on a more modest goal: consistently turning a profit
Afirma rises from Spain’s real estate collapse
A complex merger saw the real estate developer recycle the assets of its larger, failing, predecessor just in time to avail of readily available credit. Now it is well placed to supply Spain’s demand for affordable housing
German industrials wield axe to supply chains
Germany’s large industrial companies are speeding up efforts to cut the number of suppliers they use in what could unleash a big shake-out among these small and medium-sized companies
Samsung simplifies business groups to woo high-end users
The South Korean electronics group says its divisions should be profitable during the third quarter. To achieve this, it plans to restructure into simpler business groups, challenge Nokia’s mobile phones in India and China and capture the classier end of the television market
Toshiba to buy Panasonic stake in LCD maker
A rapid realignment of the liquid crystal display market is under way, with Toshiba set to buy Panasonic’s stake in their loss-making LCD joint venture
Bad times are prompting Japan to reboot
Nervous permanent staff at Japan’s hard-hit electronics groups, which have been firing contract workers and overseas staff, are asking whether the recession is so bad that they may be the next ones to go
Qantas set to axe more jobs
Qantas is to publish a restructuring plan that includes a second wave of redundancies after an examination of the Australian airline’s business
