corporate-strategy
BusinessDelivery Hero Sees 100 Million Euro Hit From Making Spanish Riders Employees
InvestingTopps Tiles Says Board Supports Strategy After Top Investor’s Criticism
BusinessDelivery Hero Says Glovo Riders in Spain to Become Employees
Top StoriesPoland’s Jsw Says No Job Cuts Planned in Restructuring
Strikes to Hit Volkswagen in December as Clash With Labour Escalates
Date: November 29, 2024
BERLIN (Reuters) -Workers at Volkswagen could go out on strike across Germany as soon as next week, the IG Metall union said in a notice on Friday, as a clash between labour and management over layoffs and plant closures escalates. “Strikes are possible and also necessary from the beginning of December,” IG Metall said in...
Sabadell Picks Marc Armengol to Replace Robin Bulloch as TSB’s CEO
Date: November 29, 2024
MADRID (Reuters) -Marc Armengol will succeed Robin Bulloch as Chief Executive Officer of Britain’s TSB bank at the beginning of 2025, its Spanish owner Banco Sabadell <SABE.MC> said on Friday. Bulloch, who will retire after a 45-year career in retail banking, had joined TSB in 2019 and had been appointed CEO in 2021. The reshuffle...
Heidelberg Materials Buys US Firm Giant Cement for $600 Million
Date: November 28, 2024
BERLIN (Reuters) -Heidelberg Materials has struck a deal to buy U.S. company Giant Cement Holding and its subsidiaries for $600 million, it said on Thursday, the latest acquisition by the German company to expand its foothold in the United States. The transaction, to be completed in the first quarter of 2025, is expected to contribute...
Aston Martin Raises New Capital, Warns on Profit; Shares at Two-Year Low
Date: November 27, 2024
By Yadarisa Shabong and Shashwat Awasthi (Reuters) -Shares in Aston Martin fell as much as 9% to a more than two-year low on Wednesday after the British luxury carmaker warned that annual profit could fall as much as 11% on delivery delays and said it would raise new capital. The equity raise of about 111...
Banco Bpm Boss Warns of Job Losses in UniCredit Deal
Date: November 27, 2024
MILAN (Reuters) -Italy’s Banco BPM, the target of an unsolicited all-share offer announced by UniCredit, should remain an independent bank, its CEO said in a letter to staff on Wednesday, warning of big job cuts if the deal went through. The UniCredit bid would entail over 6,000 job cuts in Banco BPM, CEO Giuseppe Castagna...
Leonardo to Meet Unions in December to Discuss Outlook for Plant Supplying Boeing
Date: November 27, 2024
MILAN, Italy (Reuters) – Italy’s Leonardo will meet with unions next month to discuss the outlook for one of its aerostructures plants, workers’ representatives told Reuters, as it explores options for a business mainly reliant on Boeing. The Grottaglie plant in the Puglia region manufactures two sections of Boeing’s 787 airplane and delays in the...