financial restructuring News

Spirit Airlines Announces Major Pilot Job Cuts and Role Downgrades Amid Financial Restructuring

Spirit Airlines is cutting 270 pilot jobs and downgrading 140 captains to first officers to adjust to lower demand and stabilize financially. The move reflects broader challenges i...

Intel Nears Completion of 15% Workforce Reduction, Aims for $17 Billion Savings by 2025

Intel Corporation is close to finalizing a 15% workforce cut, aiming for significant cost savings by 2025. The restructuring incurred $1.9 billion in Q2 charges, with the employee ...

Good Glamm Group Dissolves: Lenders Force Sale of Iconic Brands Individually Amid Financial Turmoil

Good Glamm Group is dissolving its structure, with lenders forcing the sale of its brands individually. CEO Darpan Sanghvi commits to settling employee dues and establishing a rest...

Breaking: Spirit Airlines Set to Welcome Dave Davis as New CEO Amid Financial Restructuring

Spirit Airlines is expected to appoint Dave Davis as the new CEO following Ted Christie's departure. Davis, with a strong background in the airline industry, steps in as the compan...

Spirit Airlines Set to Welcome Dave Davis as New CEO Amid Financial Restructuring

Spirit Airlines is expected to announce Dave Davis as its new CEO, replacing Ted Christie. Davis, with a rich background in the airline industry, including roles at Sun Country and...

Vodafone Idea Shares Surge 19% After Government Boosts Stake to Nearly 49%

Vodafone Idea's shares jumped 19% after the government converted Rs 36,950 crore of dues into equity, increasing its stake to 48.99%. This move aims to stabilize the telecom operat...

Northvolt Seeks Bankruptcy Protection in Sweden to Ensure Future Viability

Northvolt AB, a Swedish electric car battery maker, has filed for bankruptcy in Sweden to secure a sustainable future. The company is working with a court-appointed trustee to mana...

Vodafone Group Settles Massive Rs 11,650 Crore Debt Against VIL Shares

Vodafone Group has cleared a significant debt of Rs 11,650 crore against Vodafone Idea shares, releasing pledges on a substantial portion of the company's equity. This strategic fi...