St James’s Place to Cut 500 Jobs in £200m Cost-Cutting Drive St James’s Place (SJP), one of the UK’s leading wealth management firms, has unveiled plans to reduce its corporate workforce by approximately 500 roles as part of a significant £200 million cost-saving initiative. This move represents roughly 16% of its 3,200 corporate employees and […]
HSBC to Cut Hundreds of Senior Jobs in Major Overhaul, Requiring Bankers to Reapply for Roles HSBC, one of the world's largest financial institutions, is set to implement a major restructuring plan that will affect hundreds of its senior bankers. Under the leadership of CEO Georges Elhedery, the bank is launching a sweeping overhaul that […]
P&O Ferries Invests £47M in Restructuring to Cut Losses and Move Toward Profitability P&O Ferries, the longstanding British ferry operator, spent over £47 million in 2022 on a massive operational overhaul. This restructuring, which involved the controversial dismissal of 786 primarily British seafarers, was aimed at cutting costs, reducing losses, and reestablishing financial stability. By […]
Nissan Cuts 9,000 Jobs, CEO Takes Pay Cut as Carmaker Faces Global Crisis Nissan, Japan's third-largest carmaker, has launched an aggressive turnaround strategy to tackle severe financial setbacks and regain footing in a rapidly shifting global automotive market. The company recently announced plans to eliminate 9,000 jobs globally—nearly 7% of its workforce—and revealed that CEO […]
We hear from Stuart Noyes, Founder and Managing Partner of Winter Harbor – a Boston-based firm which provides restructuring and turnaround expertise to middle-market companies facing operational and financial decline in an effort to improve their operational performance, liquidity, and capital structure, and efficiently implement change. Since its founding in 2012, Winter Harbor has worked on nearly 250 cases, successfully stabilising distressed and underperforming companies
Walker Morris is the largest single-site law office outside London, servicing a national and international client base. This strategy gives the firm the ability to deliver the strength in depth that clients require to deliver significant, complex transactions seamlessly, speedily and cost effectively. Both the Firm and its lawyers are recognised as leaders in their […]
Many companies face financial issues at some stage on their natural life. You just need to look at the recent liquidations of some of the high street’s top shops, Toys r Us, Maplin, BHS, etc. For businesses facing significant cash flow problems, liquidation can become a very real threat. There are various procedures for liquidating […]
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